Sunday, July 14, 2024
-Advertisement-
Digital Senate
Digital Senate
Digital Senate
Digital Senate
HomeNewsEnterprise ITSiemens to acquire tech logistics firm HaCon

Siemens to acquire tech logistics firm HaCon

Follow Tech Observer on Google News

Siemens is planning to acquire HaCon. Pending the approval of antitrust authorities, the deal is expected to be concluded in the first half of calendar year 2017.

Google News

German conglomerate Siemens is planning to acquire HaCon, a company headquartered in Hanover, Germany. The two parties have agreed not to disclose financial details. Pending the approval of antitrust authorities, the deal is expected to be concluded in the first half of calendar year 2017.

HaCon is an international provider of planning, scheduling and for , and . The company has been a successful player in the mobility business for 30 years. Trip planning software from HaCon is used in more than 25 countries and comprises the center piece of the travel information systems in operation at more than 100 transport companies and associations.

“The acquisition of HaCon will enable us to enter a completely new business area that complements our current portfolio, expanding it to include timetable scheduling as well as trip planning by passengers,” said , CEO of Siemens' Mobility Division.

“With this move, we're rigorously implementing our digitalization strategy and opening up new growth opportunities for our company along our customers' value chain,” he added.

“Together with a strong partner like Siemens AG, we'll be even better equipped to drive the mobility software business, particularly in the global market,” said Michael Frankenberg, CEO of HaCon.

Siemens is a rail automation provider, offering systems up to and including complete driverless operation. Siemens plans to expand its intermodal digital offerings with the acquisition of HaCon. Together with HaCon, Siemens will be able to serve rail infrastructure operators and public transportation companies as a single-source supplier of innovative software solutions for train and route planning, timetable information systems, cutting-edge payment systems and intermodal mobility platforms.

In addition, apps for use on passengers' mobile devices will enhance trip planning, transparency and thus acceptance.

Get the day's headlines from Tech Observer straight in your inbox

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
Tech Observer Desk
Tech Observer Desk
Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
- Advertisement -
Bitcoin 2024
Bitcoin 2024
Bitcoin 2024
Bitcoin 2024
- Advertisement -Digital Senate
- Advertisement -Education Sabha
- Advertisement -Bitcoin 2024
- Advertisement -ESDS SAP Hana

Subscribe to our Newsletter

83000+ Industry Leaders read it everyday

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
- Advertisement -

Oppo launches AI-loaded Reno 12 series with Sony sensor 50MP camera

Oppo Reno 12 series which includes the Reno 12 5G and Reno 12 Pro 5G, promises a blend of cutting-edge AI features, robust durability and sleek aesthetics, said a senior executive.

RELATED ARTICLES