Stena Line

Stena Line is one of Europe’s leading ferry companies with 39 vessels and 18 routes in Northern Europe operating 27,000 sailings each year. Stena Line is an important part of the European logistics network and develops new intermodal freight solutions by combining transport by rail, road and sea. Stena Line also plays an important role for tourism in Europe with its extensive passenger operations. The company is family-owned, was founded in 1962 and is headquartered in Gothenburg. Stena Line has 5,900 employees and a turnover of 17.6billion SEK.

The acquisition in Latvia is the latest among several moves to support Stena Line’s long-term expansion in the growing Baltic Sea region. Stena Line has operated the route between Ventspils and Nynäshamn, Sweden since 2012 and today’s announcement is a proof point of Stena Line’s long-term commitment to Ventspils – one of Stena Line’s strategic sites in the Baltic Sea.

“The Baltic Sea is a major growth region for Stena Line and our investment in Ventspils shows how committed we are to develop our business with Latvia”, says Niclas Mårtensson, CEO Stena Line. He continues: “With this strategic move we have secured a long-term position in an essential part in our European network and I am looking forward to working with our customers and partners to continue expanding in the region”.