On March 4, 2025, Enghouse Systems Limited (TSX: ENGH), a Canadian enterprise software company headquartered in Markham, Ontario, announced and completed its acquisition of Margento R&D d.o.o., a European provider of transit fare collection, account-based ticketing (ABT), vehicle tracking, and mobile payment solutions based in Ljubljana, Slovenia. The acquisition was executed through a wholly owned subsidiary. The transaction value was not publicly disclosed.

Founded in 2002, Margento delivers a highly scalable Mobility-as-a-Service (MaaS) platform to public transit agencies, including bus, rail, and parking operators. Its unified technology integrates software and hardware across multiple sectors—such as transit, financial services, telecommunications, and retail—via EMV-compliant validators and mobile payment systems. The acquisition enhances Enghouse’s Asset Management Group, adding advanced ABT, mobile ticketing, and multimodal transit integration capabilities to its European portfolio.

Žiga Schmidt, CEO of Margento, expressed enthusiasm for joining Enghouse, highlighting shared opportunities for market expansion. Steve Sadler, Chairman and CEO of Enghouse, emphasized Margento’s strategic value in strengthening Enghouse’s fare collection technologies.

Todd M. May, Vice President & General Counsel at Enghouse Systems, oversaw legal aspects of the transaction. Mr. May is responsible for Enghouse’s M&A strategy, corporate governance, and compliance. Romana Butolen, listed as Procurator of Margento, is authorized to represent the company in legal and commercial matters. No other legal counsel, underwriters, or financial details were disclosed.

The transaction closed on March 4, 2025, the same day it was announced.