BELLEVUE, WASHINGTON and LONDON – Expedia, Inc., and SilverRail Technologies, Inc., announced that Expedia has completed its acquisition of a majority stake in SilverRail. The acquisition builds on the partnership the two companies have had since 2010 when Egencia, Expedia’s corporate travel brand, began using SilverRail’s expertise 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. The acquisition broadens Expedia’s breadth of choice of travel products across air, hotel, car rental, cruise, packages and rail through SilverRail’s technology, bringing rail supply online to a global audience.
“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.”
“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 revolutionizing online rail supply for customers around the world,” said Aaron Gowell, Chief Executive Officer, SilverRail Technologies, Inc. “We are excited at the possibility of leveraging the strategic, financial and operational strength of Expedia, which will be critical to our success.”