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Purchase of the fund buys one of the largest ferry company in Norway – Næringsliv



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Norled, one of Norway's largest motorboat companies, is sold from Det Stavangerske Dampskibselskab (DSD) to a 50/50-owned Nordic infrastructure fund company CapMan Infra and the Canadian company CBRE Caledon Capital Management.

He informs the company in the announcement. The parties agree to keep the purchase price secret.

Norled and the parent company DSD are now owned by the Hermansen family, which also owns the bus company Tide AS.

– The company is now at a crossroads. Much of the reason behind the wonderful story of the world is that we have a good husband with potential. Norled currently has a backlog of orders of 17 billion dollars, and decided to build a new tool for NOK 2.4 billion, writes Ingvald Løyning, chairman of Norled's announcement, and continues:

– Growing and succeeding with so much new technology and investment it also requires a family-owned business. Now the company needs to have the necessary financial level required to allow Norled to grow and develop to the next level towards a lot of goals.

<img src = "https://imbo.vgc.no/users/e24/images/bf213b0b052897a13742e7f7a468defb.jpg?t%5B%5D=crop%3Awidth%3D1280%2Cheight%3D720%2Cx%3D0%2Cy%3D720%2Cx % 3D0% 2Cy% 3D34 & t% 5B t% 5D = maxSize% 3Awidth% 3D654 & publicKey = drpublish & accessToken = b4ec6c69cb31c50d55199f241c43906c97a9bc6ff33993353d29549b04912daf "alt ="

Ingwall Living and Johong Hermansen.

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Ingwall Living and Johong Hermansen.

Green ferries

The ferry and the fast boat company have more than 1,000 workers and 80 vessels, and operate from Metroms to the Oslo Fjord.

The company operates the world's first battery range MF "Ampere" on Sognefjord between Lavik and Oppedal, and decided to build the world's first ship to be powered by liquid hydrogen, a shuttle that will be on track on the Hjelmeland-Nesvik-Skavik knot from 2021 to 2031.

In addition, Norled is considering an additional hydrogen shuttle, and has received EU support to explore the possibility.

– Solid and professional owner

Most owners and chairman of the DSD, Yuhong Hermansen, mentions the new owners as a solid professional, and writes that they will develop a Norled in line with the company's business investment plans.

– This agreement comes at a time when the Norwegian ferry and express boat industry is investing heavily in new, environmentally friendly technology. Norled's traditional employees have proven for several years their ability to be and remain pioneers in the green shift in the industry, and I am sure that Norled and these new owners will continue their positive development and will also flourish in the coming years, writes Hermansen.

EY was a Norled financial advisor in the deal, while Schjødt was already Norled's legal counsel.

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