Enghouse Expands Transit Solutions with Margento Acquisition
Deal News | Mar 05, 2025 | PR Newswire Cision Enghouse Systems Limited
Enghouse Systems Limited, a Canadian company known for its vertical enterprise software solutions, announced the acquisition of Margento R&D d.o.o., a Slovenia-based provider of transit fare solutions and mobile payment systems. This acquisition aims to enhance Enghouse's European fare collection business by including account-based ticketing (ABT) and mobile ticketing solutions. Margento offers a scalable Mobility-as-a-Service (MaaS) platform that provides a unique mobile transit experience. The deal allows Enghouse to welcome Margento’s existing clientele, partners, and employees, while also expanding its range of solutions in the public transport sector. Enghouse’s growth strategy focuses on internal expansion supported by acquisitions funded through operational cashflow, without relying on external debt financing.
Sectors
- Software & IT Services
- Transportation Infrastructure
- Financial Services
Geography
- Canada – Enghouse Systems Limited is based in Markham, Ontario, making Canada a relevant geography.
- Slovenia – Margento, the acquired company, is based in Maribor, Slovenia, hence Slovenia is an integral geography in the transaction.
Industry
- Software & IT Services – Enghouse Systems Limited provides enterprise software solutions and the acquisition of Margento, a provider of technology solutions for transit systems, indicates the involvement of the software and IT services sector.
- Transportation Infrastructure – Margento provides solutions related to transit fare processing and vehicle tracking, which is directly linked to the transportation infrastructure sector.
- Financial Services – Margento's solutions include mobile payment technologies, relevant to the financial services industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Enghouse Systems Limited | Acquirer | Company | A Canadian public company that offers vertical enterprise software solutions. |
| Margento R&D d.o.o. | Target | Company | A Slovenian company that provides transit fare solutions, mobile ticketing, and payment systems. |
| Žiga Schmidt | Spokesperson | Person | CEO of Margento, who commented on the acquisition. |
| Steve Sadler | Spokesperson | Person | Chairman and CEO of Enghouse, who discussed the strategic fit of the acquisition. |