Sqills

Sqills is engaged in the development and support of software for rail and bus transportation, as well as for inventory, booking and ticket sales. Number of employees 160. It was founded in 2002.

History

2021: Siemens bought Sqills for $648 million

In mid-August 2021, Siemens announced the purchase for $648 million of the Dutch company Sqills, which develops software for public transport.

As noted in the press release, since 2019 Sqills has developed rapidly. The company joined Siemens Mobility, which specializes in transportation solutions. Digitalization of this industry, like the Sqills software solution, plays an increasingly important role in this.

Siemens acquired Sqills for $648 million

Sqills has developed a platform that allows rail and bus operators to replace previous booking methods with a web-based booking system that will increase the use and availability of passenger transportation.

The acquisition is in line with Siemens' strategy to accelerate revenue growth by offering value-added services and products that combine the real and digital worlds.

In order to significantly increase the number of passengers in rail transport and meet climate goals by 2030, we need to provide passengers with an optimized process that will allow them to easily identify and use all offered railway services. The acquisition of Sqills and its easy-to-implement Software-as-a-Service platform gives us the opportunity to achieve this, "said Siemens Mobility CEO Michael Peter.

Co-founder and CEO of Sqills, Bart van Munster, is pleased with the takeover of Siemens. He also noted that joining Siemens Mobility is a fantastic opportunity that will allow Sqills to expand its plans in the Asia-Pacific region, the Americas. Together with such a solid and reliable international partner as Siemens Mobility.

Jaap Beernink, CEO of Novel-T, an accelerator for startups, spin-offs and large-scale projects at the University of Twente, noted that he is proud to follow the news regarding Sqills, because it was former graduates of the Dutch university who founded the company.^[1]

Notes