CBRE Investment Management becomes sole shareholder of Norled AS

CBRE Investment Management has agreed to acquire all the shares in Norled AS currently managed by CapMan Infra. In 2019, CBRE Investment Management and CapMan Infra each acquired a 50 percent stake in Norled. The agreement with CapMan ensures CBRE IM full ownership of Norled.

– “Norled is an attractive company due to the long-term tender contracts in the industry, which contribute to the company’s robustness. The Norwegian government’s work and support related to the green transition of the maritime industry and Norled’s commitment to new technological solutions to contribute to the transition is exciting and promising,” says Dr. Andreas Köttering, Head of Europe Private Infrastructure, CBRE Investment Management.

-“We have appreciated the collaboration with CapMan to develop Norled and now look forward to further developing a company with long and proud traditions related to sustainable solutions for the ferry and express boat sector.

Norled has invested significantly in new types of vessels and environmentally friendly technology, including hybrid and battery-powered vessels and the world’s first hydrogen-electric ferry. The future ambitions related to sustainability are great; by 2030, Norled will cut CO2 emissions by 67 percent.

Since 2019, Norled has invested approximately NOK 2.5 billion in new vessels, which have reduced CO2 emissions by 30% from 2019 to 2021. The number of low- and zero-emission vessels in the fleet has increased from 2 to 18.

– Since acquiring the company, we have implemented an organizational change, strengthened the tendering capacity and invested significantly in decarbonizing the fleet. The company is now well positioned to deliver long-term value under CBRE Investment Management’s ownership. It has been an honor to work with Norled’s dedicated employees and management team,” says Ville Poukka, Managing Partner of CapMan Infra.

– “We are pleased that CBRE Investment Management is strengthening and continuing its ownership in the company. CBRE Investment Management has proven to be a long-term owner committed to further investments in zero- and low-carbon solutions within our industry. Together, we will work to make most of our fleet carbon emission free within the next decade,” says Heidi Wolden, CEO of Norled.

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