Ticketer has acquired the Norwegian ticketing company FARA, which also has offices in Poland, Sweden, Finland and Denmark. The investment in FARA will not only increase Ticketer’s product portfolio but strengthen its expansion into mainland Europe.
FARA (an old Norse word for travel) produces ETMs, back office software and passenger facing apps, and focuses 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, commented: “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 of FARA, added: “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.”
