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At a glance
Country
Denmark
Fund
TRITON SMALLER MID-CAP FUND II
Investment date
September 2021
Sector
Industrial Tech
Sales 2022
€137m
Number Of Employees
615
Triton contact
Henrik Tholander
Henrik Tholander
Investment Advisory Professional
Management
John Funch (CEO) Sisse Mai (CFO))
Company website

FairWind is a service provider for wind turbine manufacturers

FairWind is a global installation and maintenance provider of wind turbines, both onshore and offshore. Operations primary comprise installation of wind turbines, supplemented by a full suite offering of operational, maintenance, inspection, repair and blade services.

The FairWind story

Founded in 2008 and headquartered in Vejle, Denmark, with a main technician hub in Stettin, Poland the company engages +1,300 technicians operating globally. FairWind has a strong track-record of consistent growth and profitability, with main sales in Europe followed by North America and also with footholds in Australia and Southeast Asia.

Why Triton invested

Underpinned by renewable energy tailwinds such as political pressure and technological advances FairWind has an excellent position as a leading global installation and maintenance provider for wind turbine manufacturers in a fragmented market among installation and service contractors. The company offers, a resilient business model with a flexible cost base to minimise the risks common to the value chain of wind power construction. 

The transformation journey

Triton aims to invest in the company’s digital capabilities and support M&A activities, organizational development, and geographical expansion.

Triton intends to use its multi-decade experience in Services and experience of investing in infrastructure services in other geographies to support FairWind's growth.