#Canada #Markham #Enghouse Systems #Margento #Mobility as a Service

Enghouse Systems Expands Its Horizons with Margento Acquisition

In a significant move within the transit services landscape, Enghouse Systems Limited (TSX: ENGH) has officially announced its acquisition of Margento RD d.o.o, a key player in the development of mobility solutions based in Slovenia. This strategic acquisition, conducted through a wholly-owned subsidiary, aims to bolster Enghouse's capabilities in transit fare collection, account-based ticketing, and vehicle tracking solutions.

A New Phase for Transit Solutions

As cities and transportation authorities increasingly seek innovative approaches to managing mobility, Margento stands out with its Mobility as a Service (MaaS) platform. This platform offers a unique mobile transit experience for users, allowing for seamless travel across various transport modes. The integration of Margento's technology is expected to enhance Enghouse's existing solutions, providing a comprehensive suite for public transport agencies and transit operators, including bus, rail, and parking services.

Žiga Schmidt, CEO of Margento, expressed optimism about the merger, stating, "We are excited to combine our strengths with those of Enghouse. This partnership will allow us to expand Margento's footprint and create synergies through a unified go-to-market approach."

Strengthening Market Presence

The acquisition aligns with Enghouse's broader strategy of internal growth coupled with acquisitions. Steve Sadler, Chairman and CEO of Enghouse, highlighted the importance of this acquisition: "Margento enhances our European operations in fare collection and adds vital account-based ticketing solutions. Their robust backend solutions for fare calculations and open integrations for multimodal transport will greatly extend our service offerings. We are thrilled to welcome Margento's clients, partners, and team to Enghouse."

Founded in 2002, Margento has established itself as an innovative provider of mobile transaction and payment solutions. Its suite of EMV-compliant validators positions it as a leader in transit and payment solutions deployment, with successful implementations across a range of sectors including retail, telecommunications, and financial services.

The Future of Transit

Enghouse Systems operates without external debt, structured around two main divisions: the Interactive Management Group and the Asset Management Group. Its focus on vertical market solutions ensures a strategic advantage as it continues to explore further opportunities for growth through acquisitions. With the addition of Margento, Enghouse is poised to elevate its offerings in the competitive field of public transport technology.

Users and agencies can look forward to enhanced efficiency and user experience stemming from this acquisition, which signals a robust future for transit solutions across Europe. For more information about Margento and its innovative solutions, visit Margento's website.

As the mobility sector evolves, partnerships like this one illustrate the commitment of companies like Enghouse to lead with cutting-edge solutions that anticipate the needs of modern transit systems. With new integrations and expanded services, the potential for smarter cities becomes increasingly tangible, promising to transform how communities engage with public transportation.

For further inquiries, please contact:
Sam Anidjar
Vice President, Corporate Development
Enghouse Systems Limited
Email: contact@enghouse.com