Stockholm (Sweden) / Vejle (Denmark) June 8th 2021
“We want to support the management and employees of FairWind by investing in and supporting the continued growth and development of the company. We look forward to working together with the management team to strengthen the company’s position among its customers and across regions”, said Peder Prahl, Director of the General Partner for the Triton funds.
Founded in 2008 and headquartered in Vejle, Denmark FairWind is a provider of one-stop solutions for the installation and service of onshore and offshore wind turbines. In 2020 FairWind installed over 4 GW in onshore wind turbines and performed 450,000 service hours. The company operates in over 40 markets with major offices in Denmark, Poland, the United States, Spain and Ukraine as well as recently establishing operations in Taiwan and Australia.
“FairWind has a very strong financial track record and a history of consistent growth, operating in a market with an attractive outlook both in installation and service, underpinned by ESG relevance. We see tangible opportunities for further growth both through geographical expansion and by entering into adjacent growth niches as well as supporting the company’s organizational and digital development ”, says Henrik Tholander, Investment Advisory Professional, Triton.
'2020 was FairWind’s biggest year in terms of volume and scale and as we are eager to continue the growth and further expand our global footprint, we are very pleased to join the Triton family. With the increased financial strength under the new ownership, FairWind will be positioned to strengthen our offering and support towards our customers. In addition, FairWind also see this as an opportunity to expand our services. The management team and I are looking very much forward to the partnership”,says John Funch CEO, FairWind.