The Hurtigruten Group has successfully completed the acquisitions by investor consortiums announced in November 2024. This step marks the final separation of Hurtigruten and HX (Hurtigruten Expeditions) into independent companies. The investors, led by Arini Capital Management, Cyrus Capital Partners and Tresidor Investment Management, are providing a total of over EUR 500 million in new capital for both companies.
HX plans to use the funds to modernize the expedition ships Fram and Spitsbergen in the second quarter of 2025. The renovations will include cabins, suites, science centers and restaurants. The aim is to improve the fleet and expand the offering for guests.
At the same time, Hurtigruten is seeing increasing demand. Bookings for 2025 are currently 14 percent higher than in the same period last year, with further positive prospects for 2026. HX also reports an increase in advance bookings for 2026 of more than 25 percent compared to last year.
Both companies emphasize that the transactions have no impact on existing bookings, terms and conditions, business partners or daily operations. The new investments are intended to secure long-term financing and support future growth.
and 