Travel company Expedia has announced it has acquired a majority stake in SilverRail, which builds digital infrastructure such as the rail ticketing platform SilverCore for the global rail industry.
Expedia has previously said it is ready to be a part of the online revolution in the railway industry and declared its intention to complete the deal back in May.
Expedia CEO Dara Khosrowshahi said: “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.”
SilverRail Technologies CEO Aaron Gowell added: “Expedia believes in our mission to transform the rail experience and the acquisition by Expedia will make SilverRail bigger, stronger and faster on our march towards revolutionising online rail supply for customers around the world.”