Agreement signed to acquire Fjord1

DIF Capital Partners (via its DIF Infrastructure VII fund), and EDF Invest (the investment arm of the EDF Group in real assets) have entered into a definitive agreement to acquire Fjord1, the largest owner and operator of ferries in Norway.

The acquisition of the company will be carried out by Vision Ridge Partners, a global investor specializing in sustainable real assets, and Havila Holding, an investment firm owned by the Sævik family in Norway. Both Vision Ridge and Havila Holding have been investors in Fjord1 since 2019 and 2011, respectively. Fjord1, operating under long-term concessions and boasting a fleet of 81 vessels, stands as Norway’s largest ferry operator and the nation’s leading owner and operator of electrified ferry transportation. Ferries play a vital role in Norway's transportation network, serving approximately half of all Norwegian passengers. The company provides essential high-frequency boat services, connecting the mainland and islands, as well as navigating fjords, enabling crucial activities like commuting, leisure, tourism, and the transportation of goods across the country. The completion of this transaction, anticipated in early 2024, marks a significant milestone.