Norwegian has agreed to acquire Nordic Leisure Travel Group for about SEK 7.94 billion, or roughly $843 million, in a cash-and-shares deal that folds a packaged-travel platform into its airline network.
The transaction pairs Norwegian and Widerøe’s 27 million-passenger system with NLTG’s Ving, Spies, Tjäreborg, Globetrotter and Sunclass Airlines, plus 26 hotels. Norwegian will pay SEK 3.5 billion in cash and 300 million consideration shares, with up to 30 million more possible later in 2026. The combined group is pitched as a vertically integrated Nordic travel operator with around 30 million annual customers and tighter control over flight, charter, hotel and loyalty revenue.
Closing is targeted for the second half of 2026, pending shareholder and regulatory approval.