Expedia takes up majority stake in SilverRail

SilverRail Technologies (PRNewsfoto/Expedia, Inc.,SilverRail Techno)

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.

SilverRail Technologies (PRNewsfoto/Expedia, Inc.,SilverRail Techno)

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.

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