HX Expeditions Acquired by Investor Group: What This Means for the Future

HX Expeditions, previously known as Hurtigruten Expeditions, has been acquired by a consortium of investors, which aims to facilitate the final separation of HX from its sister company, Hurtigruten. This acquisition is backed by a substantial investment of 140 million euros intended to foster new growth opportunities for the company.

The consortium, led by Arini Capital Management and Cyrus Capital Partners, considers this investment an exciting new chapter for HX. With the new funding, HX is poised to expand its adventure offerings to iconic destinations, targeting both the Northern and Southern Polar expeditions as well as the Galapagos Islands. The investment will also enable the company to enhance its fleet and improve its expedition cruise services.

Under the direction of CEO Gebhard Rainer, who will oversee operations from the new headquarters in London, HX is set to advance its mission of creating unforgettable travel experiences for its guests. Rainer highlighted the company’s rich history of providing extraordinary voyages and expressed his enthusiasm about enhancing offerings with a focus on sustainability and innovation.

CFO James McArthur noted that the acquisition marks a significant milestone for HX, thanking the dedicated employees and new strategic partners who helped reach this moment. He expressed optimism about the company’s future and the potential it holds.

The growing interest in unique travel experiences that emphasize science, adventure, and sustainability is expected to contribute positively to the expedition market. Importantly, the acquisition will not alter HX’s current customer offerings or operations.

Torben Geisler, representing the investor consortium, reiterated their commitment to supporting HX in its mission and fostering a positive workplace for the staff while recognizing HX’s historical significance and innovative potential within the expedition cruise sector.

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