Siemens: Zug division acquires reservation software company – economy

First of all, Roland Busch reports the things that concern him. From the images of the flood disaster and numerous forest fires. Images which showed “how important the fight against climate change is”, explains the boss of Siemens. Then he starts talking about his own business, he brought good news with him. For example, the group tripled its profit in the last quarter to 1.5 billion euros, and once again raised its annual forecasts. Busch comments on the high losses of several million in the former energy division, which is now listed on the stock exchange as Siemens Energy itself and in which Siemens still owns around 35 percent: “We were not satisfied. “

Above all, the boss of Siemens wants to talk about how he wants to further develop the new Siemens, which, after the spin-off a year ago, was devoid of its energy technology. For example, by expanding the rail division with a major strategic purchase: Siemens is spending 550 million euros to take over a Dutch reservation system. The Munich-based company acquired Sqills, a company founded in Enschede in 2002, which offers cloud-based software for reservations, ticket sales and reservation management for rail and bus operators. “More people will get on buses and trains,” says Busch – a lucrative business.

Sqills predicts a turnover of 40 million euros for next year

The digital reservation system should ensure better use of trains and buses, which in turn should help public transport providers with their planning. “In order to dramatically increase the number of passengers on the railways and meet climate targets by 2030, rail operators need to provide their passengers with better tools with which they can easily determine and transparently use all the services offered “, says Siemens Mobility Board Member Michael Peter.

This should also be reflected in the numbers: for next year Sqills expects to generate a turnover of 40 million euros with its 160 employees. And it relies on clients such as the French SNCF, Irish Rail and the high-speed train operator from mainland Europe to London, Eurostar. There is a clear calculation on the part of the Dutch: it is hoped that the entry of the international tech group will result in business expansion in the United States and Asia. For Siemens, however, the company fits perfectly into the plan. CEO Roland Busch recently presented a new strategy; he wants to turn Siemens into a digital company and is looking for ways to grow more and more through software. The company must move from selling licenses to a subscription model (“software-as-a-service”).

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