Acquisition of Hurtigruten completed

Thursday, 13 Feb, 2025 0

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.

Learn more about : Hurtigruten Expeditions ( Asia Pecific ) Hurtigruten Expeditions ( N. America ) Hurtigruten Expeditions ( United Kingdom )

TravelMole Editorial Team

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.

Home to America’s Best Beaches, a vibrant arts community and amazing outdoor experiences, St. Pete/Clearwater is a sunny destination that...

ITB Asia, Asia’s Leading Travel Trade Show, is an annually held B2B trade show and convention for the travel industry; it is designed...

The Oregon Tourism Commission, dba Travel Oregon, works to enhance visitors’ experiences by providing information, resources and trip planning tools...

It’s easy to find perfection in Santa Barbara, but what if there was even more of your favorite finds, activities,...

In the heart of Europe, in one of the most innovative cities in the world, at the centre of business,...

We are a small-group adventure travel operator offering more than 750 tours in 100 countries, on all seven continents. Our...

From the Tel Aviv beach scene to the shores of the Dead Sea, Israel layers diverse cultures, outdoor adventures, and...

Via Croatia is a concierge-type, full-service luxury DMC working exclusively with travel agents and luxury tour operators. With 20 years...

ECOMMPAY is an international payment service provider and direct bank card acquirer, engineering bespoke payment solutions for clients worldwide. Our...

Hilton is a leading global hospitality company with a portfolio of 22 world-class brands comprising nearly 7,300 properties and more than 1.1 million rooms, in...

Global Hotel Alliance brings together a unique collection of independent hospitality brands for GHA DISCOVERY, a multi-brand loyalty programme. GHA...

Virtuoso is the leading global network of agencies specializing in luxury and experiential travel, with more than 20,000 advisors. We...

SOUTH AUSTRALIA. FOR THOSE WHO WANT A LITTLE MORE. South Australia. It’s a beautiful place. A place for the restless,...

At Visit California, our mission is to develop and maintain marketing programs – in partnership with the state’s travel industry...

We understand the importance of personal touch We do things a bit differently at Eventsquid. We know that we could...

MGM Resorts International (NYSE: MGM) is an S&P 500® global entertainment company with national and international locations featuring best-in-class hotels...