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Expedia Group sells SilverRail to rail aggregator’s management

10/20/2020| 5:35:15 PM| 中文

SilverRail will continue to supply Expedia Group’s business travel unit Egencia with rail options globally.

Top executives of the UK-based aggregator of rail trips, SilverRail, took the company private earlier this month in a management buyout.

The management buyout quietly took place October 2, but was not material to Expedia’s financials. SilverRail had been part of Expedia since 2017. SilverRail will continue to supply Expedia Group’s business travel unit Egencia with rail options globally.

Expedia Group began partnering with SilverRail in 2010, expanded the relationship in 2016, and bought a 70 percent stake in the rail aggregator in 2017 for about $148 million.

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TAGS: SilverRail | Expedia | rail travel
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