EAB Private Equity to accelerate the international growth of wind turbine maintenance services provider Bladefence.

EAB Private Equity, now part of Evli, has made an investment in Finnish company Bladefence, which provides blade inspection, maintenance, and repair services for wind turbines. Wind power is now being built at a record pace, which is also driving demand for maintenance services and makes Bladefence an attractive investment. EAB Private Equity will become a significant minority shareholder in the company. Janneniska Ltd, the founder of Bladefence, and key personnel will continue as owners of the company.

Headquartered in Vantaa, Bladefence is a pioneer in its field, providing services to wind farm owners and operators as well as to equipment manufacturers in Europe, the US and Canada. Its key competitive advantage is its own fleet of equipment and experienced staff, which enables efficient maintenance processes and rapid responses for expansive wind farms. Major global companies, such as wind turbine manufacturers, are long-standing customers of Bladefence. In Finland, the customer base includes, among others, Suomen Hyötytuuli.

The company is aiming for strong growth in North America, where wind farms are typically larger than elsewhere and where its competitive advantage is most prominent. After China, the US is the world’s largest wind power market in terms of capacity, and in 2020 North America also overtook Europe in terms of new wind power deployment.

HLP acted as financial advisor to Bladefence and Janneniska Group in the transaction.

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