Acquisition of Hurtigruten completed
The acquisition of Hurtigruten Group has been completed by a consortium of investors.
The closing of the deal also concludes the separation of Hurtigruten from Hurtigruten Expeditions Holdings Ltd which were previously part of one corporate group.
The Consortium is made up of existing investors led by Arini Capital Management, AlbaCore Capital and Barings.
A long-term capital investment of approximately €400 million will enable Hurtigruten to continue exploring future growth and development.
The company has been offering Norway coastal cruises for 131 years.
Hedda Felin, Hurtigruten CEO said, “Today, we have new owners, and we have put in place a very solid foundation for Hurtigruten’s future growth and development.”
“With the completion of this transaction, Hurtigruten is once again a company focusing exclusively on its two core tasks as a coastal express operator and provider of cruise experiences.”
Hurtigruten says demand remains strong for Nordic coastal cruises.
At the end of 2024, advance bookings for 2025 and 2026 were significantly higher than 2024 and 2025 advance bookings were at the end of 2023.
Hurtigruten will be headquartered in Oslo, Norway and will own and operate 10 ships under the Norwegian flag.
The transaction completion will not affect Hurtigruten’s customer bookings, employment terms or day-to-day operations.
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Learn more about : Hurtigruten Expeditions ( Asia Pecific ) Hurtigruten Expeditions ( N. America ) Hurtigruten Expeditions ( United Kingdom )
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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