West Coast Invest Eiendom has acquired Fjord Line AS for an undisclosed amount. The transaction marks a significant change of ownership for Fjord Line, Norway's second largest shipping company in international passenger traffic and freight transportation between Norway and Denmark. Fjord Line, founded in 1993, holds a 20% market share in its sector, operating a vital network connecting the two countries.
Fjord Line has established itself as a dynamic ferry company, experiencing substantial growth in recent years. This expansion has been driven by the addition of modern ships to its fleet, an expanded route network, and a commitment to providing exceptional service and value to its 1.3 million annual passengers and freight customers. The company employs approximately 700 full-time equivalents and operates four ships across four routes, facilitating both passenger travel and the transport of commercial vehicles and goods. Brian Thorsted Hansen has served as CEO since January 2021.
The acquisition by West Coast Invest Eiendom is expected to support Fjord Line's continued trajectory of growth and operational excellence. While specific strategic details from West Coast Invest Eiendom were not disclosed, the move positions Fjord Line to potentially further strengthen its market presence and enhance its service offerings. The company's foundation in sound business values-vigour, responsibility, respect, and commitment-is anticipated to remain central to its operations under the new ownership.
This corporate acquisition, distinct from a funding round, signifies a full change of ownership for Fjord Line. The combined entity is poised to build upon Fjord Line's established market leadership and operational strengths, aiming to further solidify its position as a key provider of international shipping services in the Nordic region.