Enghouse Acquires Margento: Expansion in European Transit Solutions
Deal News | Mar 04, 2025 | PR Newswire Cision Enghouse Systems Limited
Enghouse Systems Limited, a Canadian enterprise software solutions provider, has completed the acquisition of Margento R&D d.o.o, a Slovenia-based company specializing in transit fare collection solutions. The acquisition, executed by a wholly-owned subsidiary of Enghouse, aims to enhance Enghouse's position in the European transit sector by integrating Margento's mobile ticketing and account-based ticketing (ABT) solutions. Margento, established in 2002, is known for its innovative Mobility as a Service (MaaS) platform, catering to public transportation agencies. Enghouse, with its focus on growth through acquisitions, perceives this strategic purchase as a means to leverage Margento’s scalable solutions and expand its reach in the transit fare solutions market.
Sectors
- Transportation Technology
- Software and IT Services
- Financial Technology
Geography
- Canada – Enghouse Systems Limited is based in Markham, Ontario, Canada.
- Slovenia – Margento, the acquired company, is based in Maribor, Slovenia.
- Europe – The acquisition focuses on expanding Enghouse's presence in the European transit fare collection market.
Industry
- Transportation Technology – Enghouse's acquisition of Margento, a company specializing in transit fare collection and mobile solutions, highlights the focus on transportation technology.
- Software and IT Services – Both Enghouse and Margento operate within the software and IT services industry, providing enterprise solutions and mobile platforms respectively.
- Financial Technology – Margento's expertise in mobile payment solutions integrates financial technology into transit systems.
Financials
- Not Disclosed – The financial terms of the acquisition have not been disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Enghouse Systems Limited | Acquirer | Company | A Canadian company providing enterprise software solutions, focusing on various verticals, including transit, telecommunications, and healthcare. |
| Margento R&D d.o.o | Target | Company | A Slovenian provider of transit fare collection, mobile transaction, and payment solutions. |
| Žiga Schmidt | CEO of Margento | Person | The CEO of Margento, leading the company through its acquisition by Enghouse. |
| Steve Sadler | Chairman & CEO of Enghouse | Person | Chairman and CEO of Enghouse Systems, overseeing the strategic acquisition. |
| Sam Anidjar | Vice President, Corporate Development | Person | Vice President at Enghouse, responsible for corporate development and investor relations. |