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Both HX and Hurtigruten have been acquired by a consortium of new and existing investors, led by British investment firm Arini Capital Management, who will inject a total of €500 million of funding into the recently separated companies.

Expedition cruise line HX confirmed a capital injection of €140 million would support ongoing investment in its operations, further strengthening its position and facilitating the final stage in its separation from sister company Hurtigruten.

“This acquisition is a clear reflection of the confidence and growth within the industry, and we’re confident it will create positive opportunities that will flow through to you, our valued business trade partners,” HX said in a statement.

“This new capital will enable us to continue enhancing our services and expanding our capabilities, ensuring that we remain at the forefront of the market.”

Meanwhile, Hurtigruten will receive a funding boost of €360m of new capital under the deal with €110 million in new long term funding.

Hurtigruten and HX will continue to operate as standalone companies, with Hurtigruten headquartered in Oslo, Norway while HX is now headquartered in London.

Both companies assured customers they would “no practical implications” of this change in ownership.

It represents the latest development in a busy year for HX, which confirmed its rebrand from Hurtigruten Expeditions in September last year and then announced it would switch to an all-inclusive model in March, a change which took effect last month.

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