Ticketer has acquired Norwegian ticketing company FARA, which also has offices in Poland, Sweden, Finland and Denmark. The investment in FARA by Ticketer is designed to increase its product portfolio and strengthen expansion into mainland Europe.
FARA supplies ETMs, back office software and passenger facing apps with a focus on providing real-time information (RTI) for use on board, online and on mobile to increase the use of public transport.
“We are thrilled to be investing in FARA and bringing together two leading payment providers in transport,” says John Clarfelt, Ticketer CEO. “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.”
Ørjan Kirkefjord, CEO, FARA, adds: “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.”