German investor acquires key tourism infrastructure in Norway

Why the ownership shift matters for tour operators and product planning

Norwegian tourism is seeing a significant ownership change at infrastructure level. Adventure travel group Norwegian Travel, together with private equity investor Longship Fund, has agreed to sell several of its flagship tourism assets to German asset manager DWS. The transaction goes beyond a company sale. It affects core visitor infrastructure that shapes how entire destinations are accessed and experienced.

Assets included in the transaction

The portfolio includes:

• the Fjellheisen cable car in Tromsø

• the Romsdalsgondolen in Åndalsnes

• the scenic Arctic Train on the Ofotbanen

• The Golden Train on the Raumabanen

These are not peripheral attractions. They function as cornerstones for itineraries, capacity planning, and seasonal product design.

An investor with a long-term horizon is likely to view these assets as platforms for product optimisation rather than standalone attractions.

More on Norwegian Travel.

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