Enghouse Systems Expands Reach with Acquisition of Margento in Slovenia

Enghouse Systems Expands with Margento Acquisition

In a strategic move to enhance its offerings in public transportation, Enghouse Systems Limited (TSX: ENGH) announced on March 5, 2025, that it has acquired Margento RD d.o.o., a prominent provider of mobile ticketing solutions based in Slovenia. This acquisition marks a significant step for Enghouse as it seeks to broaden its portfolio of smart transportation solutions across Europe.

Margento's Innovative Solutions

Established in 2002 and headquartered in Maribor, Slovenia, Margento specializes in providing comprehensive solutions for mobile ticketing, automatic vehicle tracking, and account-based ticketing (ABT). Their scalable, user-friendly mobility-as-a-service (MaaS) platform greatly enhances user experiences in public transport services. Companies like bus and railway operators benefit directly from Margento’s offerings, which are designed to streamline the transportation process and improve customer engagement.

Žiga Schmidt, CEO of Margento, expressed enthusiasm about joining forces with Enghouse, stating, "We are excited to partner with Enghouse. This collaboration will allow us to expand Margento's presence and create synergies in our sales efforts through a combined marketing approach." Such sentiments underline the mutual benefits seen in this acquisition, expected to complement both companies' strategies in the ever-evolving transport solutions market.

Enhancing Public Transportation Services

Steve Sadler, the President and CEO of Enghouse, conveyed high hopes for the integration, saying, "Margento enhances our ticketing operations in Europe by adding mobile and ABT ticketing solutions and proven management for fare calculation, with open integrations for multimodal transport." This message underscores Enghouse's commitment to providing advanced and flexible solutions for the public transit sector.

The addition of Margento to Enghouse’s portfolio aligns with the company’s dual growth strategy, which emphasizes both internal growth and targeted acquisitions. Enghouse has maintained a consistent focus on enhancing software solutions for contact centers, telecommunications, healthcare, and transport markets, relying on operational cash flow to fund its business expansions without external financing.

Future Directions

As Margento joins Enghouse, transitioning to a broader marketplace will be crucial. The European transit landscape is highly competitive, and both companies are aware of the need to innovate continuously. With Margento's deep expertise in mobile payment solutions and Enghouse's established market presence, there is a strong foundation for collaborative projects that can redefine public transportation.

Margento's innovative approach to transactions and mobile payments positions it well for ongoing growth in various sectors, including finance, retail, and telecommunications. By integrating their technology with Enghouse’s robust platform, they can deliver unparalleled service to their customers.

For further information regarding their offerings, interested parties can visit Margento’s website at www.margento.com. With both companies working together, the future of public transportation looks promising, combining quality service with cutting-edge technology.

Conclusion

This acquisition represents a pivotal moment for Enghouse Systems as it seeks to reinforce its position in the public transport sector across Europe. The partnership with Margento is set to not only enhance its existing offerings but also to create new avenues for innovation and collaboration in the rapidly advancing realm of public transportation solutions.