Expedia is set to acquire a majority stake in rail distribution technology provider SilverRail, with the transaction expected to close in mid-2017.
“Rail is ready for an online revolution, and we’re ready to be a part of it. Rail’s shift online is one of the fastest growing areas of innovation in the US$1.3 trillion travel market, and SilverRail is powering that innovation,” said Dara Khosrowshahi, Expedia president and CEO.
Said Aaron Gowell, SilverRail Technologies’ CEO: “Expedia is an ideal fit for us as it sees the huge potential in rail and has a history of keeping its brands nimble.”
SilverRail will remain focused on transforming the consumer experience of rail for carriers, travel retailers and corporate travel companies, it said in a statement.