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Press Release11 May 2021Siemens Mobility GmbHMunich
Siemens Mobility acquires Padam Mobility to enhance its intermodal transportation portfolio
“The acquisition of Padam Mobility reaffirms
our commitment to offering digital mobility solutions that increase access to
public transportation and intermodal travel. Padam’s proven software and
intelligent solutions will expand our ability to provide travel options that
integrate and coordinate on-demand and shared mobility. Having the ability to
choose from the full spectrum of mobility options significantly improves the
travel experience and turns the idea of seamless travel from the first mile to
the last into reality,” said Andre Rodenbeck, CEO Rail
Infrastructure at Siemens Mobility.
“Joining the Siemens Mobility
family for intermodal travel is a tremendous opportunity. It will make Padam
Mobility's ambitions even more relevant: reconnecting territories, making
mobility policies more impactful in the low and mid-density areas, and offering
modern paratransit services. Siemens Mobility's trust in our team, our vision
and our agility will make our foundations stronger.” Grégoire
Bonnat - Co-founder and CEO of Padam Mobility.
Padam Mobility was founded in
2014 and is headquartered in Paris, France. Padam Mobility’s demand responsive
transport (DRT) platform is a software suite that is rebranded by public
transportation operators to integrate microtransit and paratransit services. This
software suite is based on powerful algorithms and artificial intelligence
delivering superb results and efficiency gains. It offers local
communities worldwide an advanced management system that improves the travel
experience for all users.
The acquisition of Padam Mobility is the latest example of Siemens’ commitment to developing its portfolio of intermodal solutions. It follows the previous acquisitions of Hacon, Bytemark, and eos.uptrade, companies that are also at the forefront in developing intermodal transportation solutions. Both Siemens and Padam Mobility have agreed to maintain confidentiality regarding financial details of the deal.
Padam Mobility has successfully deployed its intelligent solutions to more than 70 localities in Europe, Asia and North America. More than one million passengers have already enjoyed a smooth ride powered by the Padam Mobility solution.
This technology allows passengers to book their shared ride easily and lets drivers see their itinerary evolve in real time, thanks to a powerful dispatch, algorithms, and traffic data integration. It provides transport operators with the ability to manage and supervise operations in real time and collect data to improve the service for users with the management interface. Furthermore, the simulation tool enables public transport authorities to determine the best solution for their needs, as it delivers data such as expected waiting times, cost estimations and filling rates.
Siemens Mobility is a separately managed company of Siemens AG. As a leader in transport solutions for more than 160 years, Siemens Mobility is constantly innovating its portfolio in its core areas of rolling stock, rail automation and electrification, turnkey systems, intelligent traffic systems as well as related services. With digitalization, Siemens Mobility is enabling mobility operators worldwide to make infrastructure intelligent, increase value sustainably over the entire lifecycle, enhance passenger experience and guarantee availability. In fiscal year 2020, which ended on September 30, 2020, Siemens Mobility posted revenue of €9.1 billion and had around 38,500 employees worldwide. Further information is available at:
www.siemens.com/mobility.
Reference Number: HQMOPR202105106206EN
Contact
Chris Mckniff
Siemens Mobility GmbH
One Penn Plaza
New York, NY 10119
USA
New York, NY 10119
USA
+1 646-715-6423