Expedia Group Sells SilverRail Back to the Rail Aggregator's Management
Skift Take
SilverRail had become an afterthought in Expedia Group's plans as the online travel agency attempts to simplify its portfolio. SilverRail management, however, still believes in the promise of the sector.
Top executives of the UK-based aggregator of rail trips, SilverRail, owned by Expedia Group, took the company private earlier this month in a management buyout.
Expedia retains an interest in SilverRail, which will operate as an independent privately held company, SilverRail stated Monday. 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.
“We have evolved and matured greatly within the Expedia Group family of brands,” said Aaron Gowell, foun
