Stena Agrees to Acquire Norwegian Ferry Operator Color Line in Major European Ferry Deal

Swedish shipping group Stena AB has agreed to acquire Norwegian ferry operator Color Line, bringing together two of Scandinavia’s largest ferry companies in a deal that would significantly expand Stena’s presence in the European passenger and freight markets.

The acquisition, announced Monday, is subject to regulatory approval and is expected to close in late first quarter or during the second quarter of 2027. Financial terms were not disclosed.

Under the agreement, Stena AB’s subsidiary Stena Rederi AB will acquire all shares in Color Group AS from ONS Invest II AS, which is owned by Norwegian industrialist Olav Nils Sunde and his family.

The transaction would bring Color Line’s five-vessel fleet and four international ferry routes under the same ownership as Stena Line, one of Europe’s largest ferry operators, with 40 ships operating across 19 routes in Northern Europe and the Mediterranean.

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