Full ownership of Fjord Line is being consolidated with two family-owned Norwegian companies, marking a new chapter for Norway’s ferry company.
The existing owners Kontrari and West Coast Invest have acquired Ferd’s stake in Fjord Line and become sole owners of the Norwegian ferry company, each holding an equal share of 50%.
“Fjord Line now has two ambitious owners who know both the industry and the company, with long-term ambitions and strong faith in Fjord Line. This is a solid foundation for taking Fjord Line into the future,” said Fjord Line chief executive officer Brian Thorsted Hansen.
The parties have agreed not to disclose the transaction value.
Carrying around one million guests annually, Norway’s Fjord Line serves several lines between Norway and Denmark and offers daily departures from Bergen and Stavanger to Hirtshals, and from Kristiansand to Hirtshals.
As part of the transaction, the new owners inject fresh equity into Fjord Line.
“The capital injection strengthens the company’s financial flexibility, and sends a clear signal of long-term ambitions. It means a great deal for the direction we will set and the pace we will keep. Fjord Line has never been better positioned, and we look forward to making the most of this headroom,” added Brian Thorsted Hansen.
Alongside Egersund-based Kontrari, the investment company Ferd has been a majority owner of Fjord Line since 2015. In 2023, Bergen-based West Coast Invest joined as a co-owner.
After ten years as an active co-owner, Ferd exits a company that looks very different from the one it joined.
“We have modernized, invested and optimized,” noted Hansen. “It is a good position to start our next chapter,” he said.
