Friday, November 29, 2024 HX Expeditions, previously known as Hurtigruten Expeditions, has entered a new phase of its journey after being acquired by a consortium of investors. This acquisition, led by Arini Capital Management and Cyrus Capital Partners, marks a significant step in the company’s evolution and promises to boost its growth trajectory while enhancing its sustainability focus. With a commitment to further strengthening its position in the expedition cruise market, the acquisition will allow HX to expand its fleet, diversify its offerings, and increase its presence in both the Arctic and Antarctic regions, as well as the Galapagos Islands.
This acquisition facilitates the final stage in the separation of HX Expeditions from its sister company, Hurtigruten, which had previously been part of the Hurtigruten Group. The investor consortium’s funding commitment of €140 million in new junior funding is a vital part of the strategic restructuring, which will allow HX to expand its operational capabilities and investment in new technologies that align with its sustainability goals. The consortium’s focus on HX is not just financial.
With strategic support and a clear roadmap for growth, the company plans to offer an even more extensive range of expedition cruise experiences that appeal to the growing market demand for unique and sustainable travel. HX is already renowned for its exceptional voyages to remote, environmentally sensitive destinations, and this acquis.
