3 months ago
 

TicketClever sells 20% stake to rail and bus operating giant Stagecoach

Rail online travel agency TicketClever has picked up additional investment funds by way of selling a fifth of the company to the Stagecoach Group.

The 20% sale of Global Travel Ventures, parent company of TicketClever, comes just five months after the OTA went live in the UK (TLabs here).

Terms of the sale/investment have not been disclosed.

The consumer-facing brand is hoping to make a mark in the competitive world of UK rail ticket selling by working out combinations of fares from the various operators that work the UK rail network – a normally complex task for the passenger given the multiple providers and tickets that are placed into the distribution chain.

GVT is headed by Jeremy Acklam, founder of TicketClever competitor from the 1990s, Trainline, with Alan Tomlin (also from the Trainline parish) as executive chairman.

Stagecoach is no stranger to rail in the UK, being part owner of Virgin Rail and East Midlands Trains (both are operators on the TicketClever platform), as well as multiple bus and coach companies across the country.

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Kevin May

About the Writer :: Kevin May

Kevin May was a co-founder and member of the editorial team from September 2009 to June 2017.

 

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  1. Anon

    As a Stagecoach shareholder and consultant in rail I am astounded as to what Stagecoach feel they have purchased here over and above those apps from traditional players and disruptive organisations already supplying ticket selection tools for passengers? Well done for buying another solution for a problem that was solved 15 years ago and not investing that money in the newer passenger planning and PoS technology!

     
 
 

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