Nature of Business
Scandlines is a European ferry operator established in 1998 by a merger of the largest national ferry companies in Denmark and Germany.
It specialises in rapid, reliable and comfortable transportation of passengers and freight in Danish and German coastal waters. Scandlines’ activities also include catering services, together with retail sales of goods in on-board and on-shore shops and restaurants.
With more than 45,000 departures on seven ferries, in 2015 Scandlines transported 7.6 million passengers, 1.8 million cars and 500,000 freight units on the Puttgarden-Rodby and Rostock-Gedser routes.
In June 2007, 3i and funds managed by 3i initially invested for a 40% stake in Scandlines. In 2010, we brought a further 10% and in November 2013 we acquired the remaining 50% of the business from Allianz Capital Partners. As part of this acquisition, Scandlines successfully refinanced its current debt facilities into a new €875m package to help fund its future strategic objectives.
We plan to further strengthen Scandlines Group as a ferry shipping company in the Baltic Sea region by continuing the transformation from a state-owned business into a ‘best in class’ operator.
We are driving sales growth in the company’s core vehicle-transportation business. Using our retail sector expertise we are transforming Scandlines’ border shops and have also implemented a yield management project to avoid waiting time at peak hours.
Scandlines’ longer term potential is demonstrated by the company’s ground-breaking green initiatives and the decision to build two new ferries for the Rostock-Gedser route; these will provide increased capacity and frequency of crossings.
In January 2014, through our Business Leaders Network, we introduced Steve Ridgway to Scandlines, who was appointed as Chairman. Steve brings over 30 years experience from Virgin Atlantic Airways and Scandlines will benefit from his expertise in product innovation, customer service and sustainability.