FairWind Completes Acquisition of Wind1000
Force Bidco A/S (FairWind) today announces that the acquisition of Wind1000 Corporate Holding S.L (“Wind1000”) has been closed. Closing of the transaction follows the announcement on December 19, 2023, that FairWind has signed an agreement to acquire Wind1000.
Wind1000, a regional leader within installation of onshore wind turbines, was founded in 2010 and has expanded their activities across Southern Europe and South America, which aligns with FairWind’s global expansion strategy, providing foothold and synergies for both companies for further growth and expansion across the installation and service market in Europe and South America. The former owners of Wind1000 will continue in the group, taking on the responsibility for the Southern Europe and South American (“SESA”) region for FairWind.
The acquisition is financed through a combination of new equity and debt, re-investment from the previous owners, and a smaller bond tap issue. The press release regarding the acquisition from December 19, 2023, is available at www.fairwind.com.
This is information that Force BidCo A/S is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 09:00 CET on March 27, 2024.
For further information:
Jacob W. Smedegaard, Director, Corporate Planning & Development
jws@fairwind.com | +45 2484 7247
About FairWind
FairWind A/S is a leading global provider of one-stop solutions for the installation and service of onshore and offshore wind turbines throughout the world. FairWind has worked in more than 40 countries and cooperates with over 1,500 technicians to manage customers’ projects globally.
You can read more about FairWind on www.fairwind.com
About Wind1000
Established in 2010, Spanish based Wind1000 has grown to become a leading provider of onshore installation services across Southern Europe and South America. The company has installed more than 10GW wind turbines across the region and is a leading supplier to some of the largest OEMs in the world.
You can read more about Wind1000 on www.wind1000.com.
