Verdane Capital

Kasper Sørensen, Principal at FSN Capital Partners (investment advisor to FSN Capital VI), commented: “The green transition is one of the most promising investment themes today and continues to be a focus across the FSN Funds As the leading global specialist in wind turbine blade protection and enhancements, Polytech is perfectly positioned to support the acceleration of the energy transition over the coming years We are impressed by Polytech’s innovation capabilities and its ability to bring new and scalable technologies to the rapidly growing wind industry The onward journey will be exciting, and we are proud that Verdane and the Polytech team have chosen to partner with FSN Capital VI ” “Polytech offers the market a unique breadth and depth of capabilities across materials, sensors, digital solutions/IoT and circularity, combined with a relentless focus on cost and design for efficient manufacturing Starting from a position of global niche leadership, a customer centric can-do attitude and decades of experience deploying high quality solutions in the field, the company is uniquely positioned for continued growth Wind energy will play a key part of the increasingly urgent transition to renewable energy globally, and Polytech’s solutions help bring down the cost of that energy Verdane will continue to back the leaders in the green energy transition and are proud to continue helping build future proof businesses in the wind industry ecosystem FSN and Verdane have successfully partnered in the past, and we are pleased to continue our collaboration,” said Bjarne Kveim Lie, Co-Founder and Managing Partner at Verdane

• FSN Capital GP VI Limited, acting for itself and in its capacity as general partner or portfolio manager (as applicable) for and on behalf of each of FSN Capital VI L P , FSN Capital VI Invest L P and FSN Capital VI Lux SCSp (“FSN Capital VI”)

Polytech brings sustainable solutions to life that improve the durability and performance of wind turbines Polytech’s solutions protect turbine blades from lightning and erosion, they monitor and optimize turbine performance, and protect and monitor turbine equipment during transport, storage, and in the subsea environments

Founded in 1994, Polytech is now a front-runner in wind power innovation and a trusted partner to major players in the wind industry, with locations in Denmark, China, Germany, and Mexico Ultimately, the ambition is to help the world become powered primarily by renewables

Sustainability is at the core of Polytech’s operations to reduce the levelized cost of wind energy These efforts also drive rigorous testing of products and pioneering the use of IIoT Because together, through innovation rooted in sustainability, we can change the way we power our planet

• More than 60% of wind turbine blades produced worldwide has a Polytech solution
• 150,000+ wind turbine blades are equipped with Polytech’s lightning protection systems
• 35,000+ wind turbine blades are safeguarded from erosion by Polytech’s leading edge protection solution
• 60,000+ Polytech fiber optic sensors are actively monitoring wind turbine blades worldwide
• 6,000+ Polytech Logistics Monitoring Systems are actively monitoring wind turbine transports worldwide

Established in 1999, FSN Capital Partners is a leading Northern European private equity firm and investment advisor to the FSN Capital Funds, with €4 billion under management

FSN Capital Funds make investments in growth-oriented Northern European companies, to support further growth and to transform companies into more sustainable, competitive, international, and profitable entities

Our ethos, “We are decent people making a decent return in a decent way” defines our core values FSN Capital Partners has a team of more than 80 professionals across Oslo, Stockholm, Copenhagen and Munich The FSN Capital Funds are advised by FSN Capital Partners in addition to 10 executive advisors with extensive industry experience The FSN Capital Funds are committed to being responsible investors and having a positive environmental and social impact across its portfolio

Learn more about FSN Capital Partners on our website: www fsncapital com Verdane is a specialist growth equity investment firm that partners with tech-enabled and sustainable European businesses to help them reach the next stage of international growth Verdane can invest as a minority or majority investor, either in single companies or through portfolios of companies Verdane funds hold over €4 5 billion in total commitments and have made over 140 investments in fast-growing businesses since 2003 Verdane’s team of over 130 investment professionals and operating experts, based out of Berlin, Copenhagen, Helsinki, London, Oslo and Stockholm, is dedicated to being the preferred growth partner to tech-enabled and sustainable businesses in Europe

More info: www verdane com Follow Verdane on LinkedIn Polytech Jesper Sloth jsl@polytech com  +45 53 39 66 76 FSN Capital Partners Angela Wu awu@fsncapital com  +47 45 33 75 27 Verdane Sasha Olshanetsky press@verdane com +44 20 3960 5320 UK Greenbrook James Madsen/Bree Taylor/Teresa Berezowski verdane@greenbrookadvisory com  +44 207 952 2000 Denmark Reliance Poul Lykkesfeldt pl@reliance dk +45 20 21 71 30