EQT, Molslinjen’s Private Equity Fund Owner Considers Merger With Torghatten
Last year EQT announced the purchase of Danish Molslinjen and a few weeks later Norwegian Torghatten.
The Swedish private equity fund will create a leading ferry company in the Nordic region and is ready to invest several billions of kroner.
The plans may include a merger between Molslinjen and Torghatten, the partner told ShippingWatch.
Global investment organization EQT announced that EQT Infrastructure has acquired Molslinjen A/S from a group of shareholders led by Polaris.
Molslinjen is Denmark’s largest passenger ferry company with over 700 employees and 15 vessels serving over eight million people per year across nine routes, including connections to Sweden and Germany.
evenues of around DKK 1.9 billion in 2019.
Over the past decade, Molslinjen has reduced the CO2 emission per transported kg with over 60 percent. In the years to come, the Company will continue to invest in increased decarbonization of its ferry fleet and reduction of fossil fuel dependence. EQT Infrastructure is committed to supporting the Company’s transition to electrified ferries on selected routes and introducing renewable fuel sources for larger vessels.
Moreover, EQT Infrastructure will focus on customer service improvements, such as refitting of the vessel layout, increased departure frequency and higher passenger capacity on popular routes.
