A consortium of investors has completed the acquisition of Hurtigruten Group, a Norwegian coastal cruise line.
Hurtigruten first announced the acquisition in November 2024 by a consortium comprising Arini Capital Management, AlbaCore Capital, and Barings.
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The consortium has provided a long-term capital of €400m ($414m) to enable Hurtigruten to enhance guest experiences and pursue expansion opportunities.
With the transaction’s closure, Hurtigruten separates from Hurtigruten Expeditions Holdings. Both companies were earlier part of one corporate group.
This investment aligns with the “strong” demand for the company’s products, as evidenced by an increase in advance bookings for 2025 and 2026 compared to previous years.
The company will maintain its headquarters in Oslo and continue operations under the Norwegian flag with a fleet of ten ships.
Hurtigruten CEO Hedda Felin 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 along the Norwegian coast.”
Founded in 1893, Hurtigruten operates a coastal route between Kirkenes and Bergen as well as routes such as the North Cape Line and the Svalbard Line.
The company transports passengers, cargo, vehicles, and tourists to 34 ports along Norway’s coast.
It employs approximately 2,000 people, including 1,300 seafarers and apprentices, and works with local suppliers for onboard services and excursions.
Through its Sea Zero programme, Hurtigruten aims to introduce an emission-free ship by 2030.
