Current portfolio


The leading private passenger transportation company in Norway

Torghatten is focusing on sea and land transportation services, and is a critical part of the country's transportation infrastructure

  • Sector
    Transport & Logistics
  • Country
  • Responsible Advisor
    Carl Sjölund
  • Fund
    EQT Infrastructure V
  • Entry
  • Web

Real Assets



About Torghatten
Founded in 1878, Torghatten is the leading private passenger transportation company in Norway, operating a critical part of Norway’s transportation infrastructure. The company’s core business is to offer ferry and bus transportation services, typically under medium to long term contracts with public transportation authorities. The company has around 4,100 employees in its core segments and operates around 88 ferries and express boats, and 1,600 buses.

Torghatten’s ferry segment provides essential transportation services, and its route network significantly shortens travel time along the Norwegian coastline, making it a critical part of the country’s domestic transportation system.

Torghatten’s bus segment is one of the largest bus operators in Norway and offers transportation services across the country

Market Trends and Drivers
Torghatten’s long-term development is supported by strong secular trends, such as steady population growth, increasing domestic travel and a stronger focus on sustainability, requiring operators to invest in zero or low emission transportation solutions.

Torghatten is at the forefront of the ongoing green shift in the Norwegian transportation sector and has a strong focus on sustainability, including in the ferry segment, where the transition to zero or low emission technology is expected to accelerate.

Investment Potential
Torghatten is well-positioned to benefit from the expected growth of the underlying market and has a long track record of delivering profitable growth, and in pursuing ESG-related improvements. EQT intends to support the Company in its continued value creation journey through both organic and inorganic growth initiatives. Furthermore, EQT is committed to supporting Torghatten’s ambitious sustainability agenda, with the intention to accelerate the transition towards zero or low emission transportation infrastructure in line with government targets, based on battery, biofuel, hybrid, and other new technologies. This transition will future-proof the Company, for the benefit of Torghatten’s customers, employees, and partners across the country.

Board of directors

  • Chairperson
    Dag Mejdell
  • Board member
    Carl Sjölund
  • Board member
    Ragnar Norbäck
  • Board member
    Siri Kalvig
  • Board member
    Brynjar Forbergskog


  • CEO
    Roger Granheim
  • CFO
    Grete Brovoll
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