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Announced

Completed

Siemens Mobility completed the acquisition of Padam Mobility.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Cross Border

Acquisition

software as a service

Friendly

Private

France

Majority

Software

Single Bidder

Synopsis

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Siemens Mobility, a manufacturer of electrical equipment, completed the acquisition of Padam Mobility, a software as a service provider. Financial terms were not disclosed. “The acquisition of Padam Mobility reaffirms our commitment to offering digital mobility solutions that increase access to public transportation and intermodal travel. Padam’s proven software and intelligent solutions will expand our ability to provide travel options that integrate and coordinate on-demand and shared mobility. Having the ability to choose from the full spectrum of mobility options significantly improves the travel experience and turns the idea of seamless travel from the first mile to the last into reality,” Andre Rodenbeck, Siemens Mobility CEO of Rail Infrastructure.

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