Hannover-based software company HaCon has confirmed it has been taken over by Siemens.
Siemens announced its intention to buy HaCon in May and the deal has now been approved but with HaCon to be managed as a separate legal entity.
HaCon CEO Michael Frankenberg said: “As a member of the Siemens family, we are now able to offer our customers and partners an even broader spectrum of services – particularly in intermodal mobility management.
“Especially in our international business, we will continue building on our special strengths and combine them with the strengths of Siemens as a leading provider of mobility solutions in rail and road transportation.”
CEO of Siemens’ Mobility Division Jochen Eickholt added: “The acquisition of HaCon enables us to enter a completely new business area that complements our current portfolio, expanding it to include timetable scheduling and trip planning by passengers.
“With this move, we’re rigorously implementing our digitalisation strategy and opening up new growth opportunities for our company along our customers’ value chain.”
The financial details have not been disclosed.