FairWind has agreed to acquire Australian wind installation and maintenance provider Cosmic Group to strengthen its position in the Asia-Pacific market and accelerate global growth.
The strategic acquisition expands FairWind’s existing presence in Australia and extends its footprint into New Zealand and Japan.
The transaction is expected to close in the fourth quarter, subject to customary regulatory approval, and will see the Brisbane-based company and its team of 100 technicians join FairWind.
FairWind said Cosmic will become its regional hub for Asia-Pacific operations, with co-founder Matt Crossan appointed regional director.
The company will continue to operate under the Cosmic name to ensure continuity for existing projects and clients.
FairWind chief executive Stewart Mitchell (pictured with Matt Crossan) said: “This collaboration with Cosmic is a significant step in our growth strategy. There are great synergies between the two organisations, with shared values and unwavering commitment to safety. By joining forces with a team known for delivering to the highest standards, we’re extending our geographic reach while strengthening our capability to support customers wherever they operate.
“Together, our deep technical expertise and track record in onshore and offshore wind create a powerful platform in our mission to help advance the global energy transition. We look forward to working closely together and unlocking new opportunities across the region’s renewables landscape.”
Cosmic regional director Matt Crossan said: “With the installed turbine base set to continue to increase and the next generation of wind turbines being introduced to the region by our customers, there is significant potential for growth across Asia Pacific.
“We are proud of what we have built at Cosmic to become one of the leading wind services providers, by joining FairWind we have a partner who enhances our existing capability and we are excited for the next phase of the business.”
FairWind employs more than 2,000 people in over 40 countries across Europe, North America, South America, Asia and Oceania, providing complete lifecycle solutions for the installation and maintenance of onshore and offshore wind turbines.