Ticketer has acquired the Norwegian ticketing company FARA, which also has offices in Poland, Sweden, Finland and Denmark. The investment in FARA by Ticketer, the UK’s leading ticketing company, will not only increase the company’s product portfolio but strengthen its expansion into mainland Europe.
FARA (an old Norse word for travel) shares the same core philosophy as Ticketer, of making travel easier for passengers. Through the very latest technology in ETMs, back office software and passenger facing apps, they focus on providing Real Time Information (RTI) for use on board, online and on mobile to increase the use of public transport.
John Clarfelt, Ticketer CEO, comments: “We are thrilled to be investing in FARA and bringing together two leading payment providers in transport. We share the same values, and by virtue of working together, in future we will have significantly wider development capabilities and product portfolios for our customers both in the UK and across the rest of Europe.”
FARA and Ticketer both specialise in ticketing and location-based solutions for public transport and share many similar business attributes. Both companies are leaders in their respective markets and have a strong reputation for industry leading R&D and delivery.
Ørjan Kirkefjord CEO for FARA, comments: “I am delighted that Ticketer has acquired FARA. Their investment in FARA will combine products, skills and market share to create a powerhouse in IT solutions for public transport. We have big ambitions to grow our business, and Ticketer is an ideal partner for this vision.”
About FARA
FARA is a Norwegian customer-oriented technology company that provides IT solutions within public transport. FARA’s aim is to improve life quality, make the environment greener and meet passenger expectations, by making travel easier for passengers, operators and transport authorities. FARA was founded in 2005 and has cutting-edge expertise and a strong Nordic heritage. FARA offers advanced ticketing, Real Time Information and fleet management solutions. FARA’s solutions are modular, using open standard interfaces and commercial hardware that can be tailored to the customer needs, integrated into existing systems, or used as a full stand-alone solution. FARA products are proven, secure and ready for the future.
For further information please contact:
Mercedes Llewellyn
mercedes.llewellyn@ticketer.co.uk
