FARA has developed a real time information and ticketing solution for public transport. FARA’s customers are local and regional public transport authorities in the Nordic countries. FARA headquarters are located in Trondheim, Norway. The company is also present in Sweden, Denmark, Finland and Poland.
Alpha Corporate Finance has acted as financial advisor to the private equity company Tenzing and its portfolio company Ticketer in the acquisition of Norwegian software company FARA.
The transactions brings together two leading payment providers in transport and in the future the combined companies will have significantly wider development capabilities and product portfolios for their customers both in the UK and across the rest of Europe.
Tenzing Private Equity is an independent private equity firm, based in London, that targets buyout investments in high growth businesses, valued between £10m and £75m, across the UK and Ireland. Founded in 2015, the firm invests in niche market leaders and challenger businesses across a broad range of industry sectors.
Ticketer specializes in ticketing and location-based solutions for public transport. It is the UK’s largest ETM supplier outside London. The company is headquartered in Hungerford, Berkshire, UK.