The Switch

Helsinki, Finland Founded: 2006 • Age: 20 yrs Acquired By Mitsui
Megawatt-sized permanent magnet generators for wind power are manufactured.
Annual revenue - Latest available
Total funding - 2 rounds
Employees - Tracked headcount
Investors 4 Known backers
Products - Services tracked
Competitors 11 Brand Intelligence

About The Switch

The Switch is a company based in Helsinki (Finland) founded in 2006 was acquired by Mitsui in October 2023. The Switch operates in a competitive market with competitors including Amsc, Elsewedy Electric, Huisman, ComRent and Nabrawind, among others.

  • Headquarter Helsinki, Finland
  • Sectors
    Energy & Utilities
  • Phone
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  • Website
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  • Social
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Operational Areas
Energy & Utilities → Renewable & Clean Energy Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
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  • Net Profit
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  • EBITDA
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  • Latest Funding Round
    Not available
  • Investors
  • Employee Count
    Not available
  • Acquired by
    Mitsui

    & 2 more

    (Oct 20, 2023)

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People of The Switch

Headcount 200-500
Employee Profiles 10
Employee Profiles
People
Miika Reinikka
CEO
People
Markus Hakkarainen
Quality & Environmental Engineer
People
Mari Puhakainen
HR & Administration Specialist
People
Yuan Lu
Operation Manager

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Funding Insights of The Switch

Investors in The Switch

The Switch has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Mitsui & Co, Amsc and Yaskawa.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
VNT Management is engaged in venture capital for sustainable innovation.
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Motion control, robotics, and system engineering solutions are provided globally.
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Traditional conglomerate services are provided across multiple sectors by Mitsui.
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Investor details for The Switch

Investor domains, locations, round participation, and complete history require an active premium plan.

  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

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Investments & Acquisitions by The Switch

Investments
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Investment portfolio details for The Switch

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  • Transaction dates
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Financial Statements - The Switch

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Detailed financials for The Switch

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  • Profit trends
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The Switch Comparisons

The Switch Primary company
Description
Megawatt-sized permanent magnet generators for wind power ar...
Location
Helsinki, Finland
Founded Year
2006
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for The Switch

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

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  • Headcount comparison
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Competitors of The Switch

The Switch operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Amsc, Elsewedy Electric, Huisman, ComRent and Nabrawind, among others.

Company Name Domain Founded year HQ Location Description
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Electric power infrastructure products and grid systems are developed.
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Wind turbines, towers, and rotor blades are manufactured in-house.
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Provider of maintenance & installation services for wind turbines and other components
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Testing services for critical power generation systems are provided.
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Wind turbine components and technologies are designed and developed.
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Hardware for the wind energy industry is developed.
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Detailed competitors of The Switch

Competitor domains, locations, full profiles, and operating metrics require an active premium plan.

  • Domains and locations
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Latest news on The Switch

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Complete news archive for The Switch

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  • Full article archive
  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about The Switch

The Switch was founded in 2006 and raised its 1st funding round 2 years after it was founded.

The Switch is headquartered in Helsinki, Finland.

Switch Engineering was founded in 2006 in Helsinki, Finland, within the renewable energy sector. Megawatt-sized permanent magnet generators and power converters for wind power applications are designed, developed, manufactured, and supplied. Solar cell inverters, fuel cell inverters, variable speed gensets, and industrial electric drive trains are also produced. Field services, such as commissioning, preventive maintenance, field analysis, and spare parts replacement, are offered to support operations.

The Switch's top competitors include Amsc, Beam and Huisman.

The Switch has 4 investors. Key investors include Mitsui & Co, Amsc, Yaskawa, and VNT Management.

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