SilverRail acquires Swedish rail technology firm Linkon
Published: Thu, 2015-01-15 15:07US-based passenger rail technologies provider SilverRail Tech technologies have acquired the Swedish rail technology firm Linkon. Swedish national rail carrier SJ will still retain a 25 per cent share of Linkon.
This acquisition will help SilverRail to innovate the way rail is accessed and sold worldwide, as well as enhance the industry's capacity to compete with regional air travel effectively, the company stated.
Linkon currently offers a complete IT platform, including an inventory management system, strong settlement capability and an innovative ticketing system, with support for both m-tickets and e-tickets for rail operators in the Swedish market.
Founded in 2009, the SilverRail platform is now connected to markets accounting for $60bn in rail transactions throughout North America and Europe.