The Hurtigruten Group has announced the completion of its acquisition by a consortium of investors, including existing investors led by Arini Capital Management, AlbaCore Capital and Barings.

The group said in a press release that the transaction’s closing concludes the process of separating Hurtigruten from Hurtigruten Expeditions Holdings Ltd and its subsidiaries, HX. Both were previously part of one corporate group.

The group added that at transaction completion, a long-term capital investment of approximately €400 million resulting from the transaction will enable Hurtigruten to continue and explore future growth and development opportunities.

Hedda Felin, chief executive officer at Hurtigruten, 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.”

According to the press release, the company saw advance bookings for 2025 and 2026 at the end of 2024, which were significantly higher than 2024 and 2025 advance bookings were at the end of 2023.

“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.

According to the group, the announcement will not affect Hurtigruten’s customer bookings, employment terms, business partners, or day-to-day operations.