This transaction marks the beginning of an exciting chapter for both Hurtigruten and HX, with their product positioning and leading sustainability practices providing a unique platform to achieve their long-term potential in their respective markets.

This substantial investment ensures that both standalone businesses have access to the required resources to fund the next phases of their global growth potential. The investors are excited to be supporting both companies in their plans to continue to develop innovative travel experiences, while meeting the rising demand for more responsible and meaningful travel globally.

Torben Geisler of Arini Capital Management, which is part of the two consortiums, said, “Today marks a significant chapter in the future of these two companies. With this infusion of new capital and strategic support from our investor groups, both Hurtigruten and HX are poised to enhance their product offerings and explore new markets, while continuing to deliver exceptional travel experiences. Hurtigruten and HX’s incredible workforces have been instrumental in driving the success of both businesses and will continue to be under this new structure.”

James McArthur, Chief Financial Officer at Hurtigruten Group, said, “We are very excited to now achieve what everyone in our organisation has been working towards for a long time. This transaction marks the beginning of an exciting era for both Hurtigruten and HX; both businesses now have tailored ownership teams that have full confidence in their unique market position and long-term potential.”

The transaction is expected to close in January 2025.

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