Siemens Mobility completed the acquisition of Padam Mobility.

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.