Ownership of Fjord Line was consolidated under two family-owned Norwegian companies, Kontrari and West Coast Invest, which acquired the stake previously held by investment company Ferd to become sole owners of the ferry operator, each with a 50 per cent share.
Chief Executive Officer Brian Thorsted Hansen said the capital injection strengthens the company's financial flexibility. Fjord Line is currently the second largest international ferry company in Norway, carrying approximately one million passengers annually.
The company operates several routes between Norway and Denmark, including daily departures from Bergen and Stavanger to Hirtshals, as well as a service from Kristiansand to the same Danish port using the high-speed Ro-Pax vessel Fjord FSTR.
In recent years, Fjord Line has invested in fleet upgrades, including the delivery of Fjord FSTR, which doubled passenger and car capacity, and the retrofitting of cruise ferries Stavangerfjord and Bergensfjord with dual-fuel engines.
Hansen said the company used the pandemic period and the conflict in Ukraine to modernise its fleet and streamline operations.
Ferd originally became a majority owner in 2015 alongside Kontrari, while West Coast Invest joined as a co-owner in 2023. Kristian Eikre, Co-head of Ferd Capital, said the firm had completed its post-pandemic turnaround and that the remaining owners have the industry knowledge required to take the company forward.
The transaction value was not disclosed.
