SilverRail acquires SJ AB's share of SilverRail Technologies AB

SilverRail Technologies Inc, via its subsidiary SilverRail Linkon AB, has acquired SJ AB’s twenty-five percent share of SilverRail Technologies AB and is now the sole owner of the Company.

SilverRail Technologies AB (formerly Linkon AB) provides software solutions for inventory, sales and distribution, operations and settlement for rail and ground transport services in Scandinavia. It was previously a wholly owned subsidiary of SJ AB. In 2014, SilverRail Linkon AB acquired seventy-five percent of the shares of the Company. By exercising an option in the Shareholders Agreement, SilverRail Technologies Inc has elected to become the sole owner of the Company.

“This is a natural step since SJ AB divested most of Linkon already in 2014. By then it was clear that a sales system used by large parts of the industry should not be owned over time by any individual rail operator”, says SJ’s CEO Crister Fritzson.

Cameron Jones, MD SilverRail Technologies AB says “SilverRail Technologies is expanding with a growing local and international client base. This move towards autonomy is therefore both natural and welcome.”

-ENDS-
For media inquiries, please contact:
Nina Braithwaite, Marketing at SilverRail / e: marketing@silverrailtech.com

– NOTES –
About SilverRail Technologies (www.silverrailtech.com)
SilverRail is delivering the digital infrastructure for the global rail industry.
SilverRail’s technology is purpose built for rail. Its product suite spans the full customer experience: journey planning, ground transportation services, inventory management, scheduling, pricing, booking, payment, ticketing, reporting and administration.
SilverRail:

• Handles more than 1 billion online rail searches each year
• Distributes tickets for more than 35 providers and carriers
• Processes more than 30 million bookings each year
• Serves more than 1,500 corporate customers worldwide

SilverRail was founded in 2009 and has offices in London, Boston, Stockholm and Brisbane.
Expedia Group, one of the world’s leading travel companies, acquired a majority stake in SilverRail in June 2017.