Expedia acquires majority stake in SilverRail

Expedia acquires majority stake in SilverRail

Expedia has acquired a majority stake in rail distribution platform SilverRail.

The two companies have been partners since 2010, when Egencia, Expedia’s corporate travel brand, began using SilverRail to offer rail inventory in the US.

The partnership expanded in 2016 when Expedia.com announced it would use SilverRail’s technology platform to sell rail tickets through the Expedia.co.uk website.

“We think SilverRail has a very bright future and we are thrilled to welcome its talented team to the Expedia family,” said Dara Khosrowshahi, chief executive officer, Expedia, Inc.

“Our primary goal in investing in the online rail revolution is to bring rail supply online, creating an even more diverse and robust product portfolio for our travelers around the world. SilverRail has been a strong partner of ours for years and we look forward to achieving this goal together.”

Aaron Gowell, chief executive officer, SilverRail Technologies, Inc. added: “Expedia believes in our mission to transform the rail experience and the acquisition will make SilverRail bigger, stronger and faster.

“We are excited at the possibility of leveraging the strategic, financial and operational strength of Expedia, which will be critical to our success.”

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