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Ofotens Og Vesteraalens Dampskibsselskab
Ofotens og Vesteraalens Dampskibsselskab or OVDS was a Norwegian shipping company that operated ferries in Northern Norway, including the Coastal Express, car ferries and passenger ferries. The company merged with Troms Fylkes Dampskibsselskap in 2006 to form Hurtigruten Group. OVDS's main office was in Narvik while the ferry section was located in Stokmarknes. The company had about 1,500 employees at the time of the merger and operated 14 coastal expresses, 18 car ferries and 14 passenger ferries. OVDS was created as a merger between the two shipping companies Vesteraalens Dampskibsselskab Vesteraalens Dampskibsselskab was a Norwegian shipping company that operated ferries in Northern Norway. The ferry service was founded by Richard With on 10 November 1881 at Stokmarknes in Nordland Nordland (; , , , ) is one of the three n ... (VDS, established in 1881) and Ofoten Dampskipsselskap (ODS, established in 1912). References Ferry companies of Norway Defunct s ...
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Merger
Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorption, a merger, a tender offer or a hostile takeover. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is the legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. Most countries require mergers and acquisitions to comply with antitrust or competition law. In the United States, for example, the Clayt ...
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Troms Fylkes Dampskibsselskap
Troms Fylkes Dampskibsselskap or TFDS is a defunct Norwegian shipping company that also has activities in public transport and tourism. Based in Tromsø the company was one of the two operators of the Coastal Express and also operated a number of car ferries and passenger ferries, primarily in Troms. It also operated three supply ships and some other vessels as of 2006. In 2004 TFDS had bought the bus company TIRB. The company dates back to 1866 and has had a number of activities within shipping. It was listed on the Oslo Stock Exchange until 2006 when it merged Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorpt ... with Ofotens og Vesteraalens Dampskibsselskab to create Hurtigruten Group. At the time of the merger the group had 38 ships, 123 buses and 86 trucks. Ferry compan ...
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Transport Companies Of Nordland
Transport (in British English) or transportation (in American English) is the intentional movement of humans, animals, and goods from one location to another. Modes of transport include air, land (rail and road), water, cable, pipelines, and space. The field can be divided into infrastructure, vehicles, and operations. Transport enables human trade, which is essential for the development of civilizations. Transport infrastructure consists of both fixed installations, including roads, railways, airways, waterways, canals, and pipelines, and terminals such as airports, railway stations, bus stations, warehouses, trucking terminals, refueling depots (including fuel docks and fuel stations), and seaports. Terminals may be used both for the interchange of passengers and cargo and for maintenance. Means of transport are any of the different kinds of transport facilities used to carry people or cargo. They may include vehicles, riding animals, and pack animals. Vehicles may includ ...
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Defunct Shipping Companies Of Norway
Defunct may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the process of becoming antiquated, out of date, old-fashioned, no longer in general use, or no longer useful, or the condition of being in such a state. When used in a biological sense, it means imperfect or rudimentary when comp ...
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Ferry Companies Of Norway
A ferry is a boat or ship that transports passengers, and occasionally vehicles and cargo, across a body of water. A small passenger ferry with multiple stops, like those in Venice, Italy, is sometimes referred to as a water taxi or water bus. Ferries form a part of the public transport systems of many waterside cities and islands, allowing direct transit between points at a capital cost much lower than bridges or tunnels. Ship connections of much larger distances (such as over long distances in water bodies like the Baltic Sea) may also be called ferry services, and many carry vehicles. History The profession of the ferryman is embodied in Greek mythology in Charon, the boatman who transported souls across the River Styx to the Underworld. Speculation that a pair of oxen propelled a ship having a water wheel can be found in 4th century Roman literature "''Anonymus De Rebus Bellicis''". Though impractical, there is no reason why it could not work and such a ferry, modified by ...
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Ofoten Dampskipsselskap
Ofoten is a traditional district in Nordland county in Northern Norway. It consists of Evenes Municipality, Narvik Municipality, and Lødingen Municipality. It is named after the main fjord, Ofotfjorden, which is at the center of this district. The district was home to 29,968 residents in 2016, with almost half of the residents living in the town of Narvik. Geography Ofoten is characterized by fjords surrounded by many mountains with high, jagged peaks reaching up to in height. About 43% of the area lies above . Below elevations of there are forests. Only 11% of the land is below an elevation of . The mountains are high especially in the east. In the interior parts of the municipality, there are a number of glaciers, such as Gihtsejiegŋa, and also many lakes. Besides the Ofotfjorden, there are a number of other fjords that cut into the landscapes, often with steep shorelines. The traditional district of Lofoten lies to the west of Ofoten, to the south is the traditional ...
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Vesteraalens Dampskibsselskab
Vesteraalens Dampskibsselskab was a Norwegian shipping company that operated ferries in Northern Norway. The ferry service was founded by Richard With on 10 November 1881 at Stokmarknes in Nordland Nordland (; , , , ) is one of the three northernmost Counties of Norway, counties in Norway in the Northern Norway region, bordering Troms in the north, Trøndelag in the south, Norrbotten County in Sweden to the east, Västerbotten County to t ..., Norway. In the same year, the shipping company's first ship - the steamer DS ''Vesteraalen'' from 1865 (ex-SS ''Arendal'') was purchased from Arendals Dampskibsselskab. The company ran in the local transportation route, and then it started the first Coastal Express in 1893 with the ship from 1891. The company merged in 1987 with Ofotens Dampskibsselskab and a new company was formed, Ofotens og Vesteraalens Dampskibsselskab (OVDS). That company merged with Troms Fylkes Dampskibsselskap in 2006 to form Hurtigruten Group.- Referen ...
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Stokmarknes
or is a town and the administrative centre of Hadsel Municipality in Nordland county, Norway. It is located on the northern coast of the island of Hadseløya and on the small, neighboring island of Børøya. The town has a population (2023) of 3,496 and a population density of . In 2000, Stokmarknes received " town status". Stokmarknes is the headquarters to the Hurtigruten coastal express company and also the Coastal Express Museum. The local hospital for the whole Vesterålen region ( Nordland Hospital Vesterålen) is located in the town as well. Stokmarknes is the home town of Norwegian band Madrugada. The historic Hadsel Church is located about east of Stokmarknes. The Børøy Bridge and Hadsel Bridge connect Stokmarknes to the islands of Børøya and Langøya to the north. Stokmarknes Airport, Skagen is located on Langøya, just over the bridges from Stokmarknes. Media gallery Hadsel, Norway - panoramio.jpg, View of the town Stokmarknes sett fra fly.JPG, Aerial ...
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Merger
Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorption, a merger, a tender offer or a hostile takeover. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is the legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. Most countries require mergers and acquisitions to comply with antitrust or competition law. In the United States, for example, the Clayt ...
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Hurtigruten Group
Hurtigruten AS is a Norwegian coastal ferry service and cruise line headquartered in Oslo, Norway. It is the larger of two companies currently operating ''Hurtigruten'', the coastal ferry service along the Norwegian coast from which it takes its name. The CEO is Hedda Felin. History Hurtigruten AS is the result of a merger between the previous operators of the Hurtigruten service, Troms Fylkes Dampskibsselskap (TFDS) and Ofotens og Vesteraalens Dampskibsselskab (OVDS). TFDS was founded in 1866, and OVDS was established in 1868. The two companies merged in March 2006 to form Hurtigruten Group ASA, and twelve months later the merged entity assumed the name Hurtigruten ASA. Vesteraalens Dampskibsselskab and the company founder, Richard With, pioneered the Norwegian Coastal Express in 1893, and Hurtigruten has continuously served the route since then.   In 2012, the company headquarters was moved from Narvik to Tromsø. In October 2014, TDR Capital purchased a majority owner ...
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Ferry
A ferry is a boat or ship that transports passengers, and occasionally vehicles and cargo, across a body of water. A small passenger ferry with multiple stops, like those in Venice, Italy, is sometimes referred to as a water taxi or water bus. Ferries form a part of the public transport systems of many waterside cities and islands, allowing direct transit between points at a capital cost much lower than bridges or tunnels. Ship connections of much larger distances (such as over long distances in water bodies like the Baltic Sea) may also be called ferry services, and many carry vehicles. History The profession of the ferryman is embodied in Greek mythology in Charon, the boatman who transported souls across the River Styx to the Underworld. Speculation that a pair of oxen propelled a ship having a water wheel can be found in 4th century Roman literature "''Anonymus De Rebus Bellicis''". Though impractical, there is no reason why it could not work and such a ferry, mod ...
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Shipping Company
A shipping line or shipping company is a company whose line of business is ownership and operation of ships. Shipping companies provide a method of distinguishing ships by different kinds of cargo: # Bulk cargo is a type of special cargo that is delivered and handled in large quantities. # General cargo, now known as break-bulk cargo, refers to a wide assortment of goods that may be delivered to several ports around the world. # Oil became a crucial part of the shipping industry in the early 20th century. Its use varied from lubrication for developed machinery, burning in boilers and industrial plants, as well as for operating engines. Oil is also primarily shipped by specific shipping companies as opposed to other forms of transportation. This is considered a type of special cargo. The shipping of oil has become a debated issue due to the environmental impacts of both oil spills and oil tankers. # Passenger cargo is the business of transporting people on shipping lines for ...
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