OSLO — Hurtigruten Group has been acquired by a consortium of investors.

The deal, valued at approximately €400 million, concludes the process of separating Hurtigruten from Hurtigruten Expeditions Holdings Ltd, both previously part of one corporate group.

Customer bookings, employment terms, business partners or day-to-day operations will not be affected.

The consortium consists of existing investors led by Arini Capital Management, AlbaCore Capital and Barings.

According to Hedda Felin, Chief Executive Officer at Hurtigruten, the acquisition will enable Hurtigruten to maintain its reputation as Norway’s leading coastal cruise line and explore future growth and development opportunities.

“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,” said Felin.

The 131-year-old cruise line is seeing strong demand for its products, added Felin. At the end of 2024, advance bookings for 2025 and 2026 were significantly higher than 2023’s advance bookings for 2024 and 2025.

“We manage an outstanding brand with a unique market position in the international market. Now, we look forward to continuing to offer guests from around the world the most authentic experience of the Norwegian coastline,” added Felin.

Hurtigruten will be headquartered in Oslo, Norway and will own and operate 10 ships under the Norwegian flag.