Leading structural and geotechnical offshore wind engineers, Wood Thilsted have won a coveted Gazelle Award in Denmark for its continuous growth in business.

Established in 1995 by the Danish financial newspaper, Børsen, selection for the rigorous Gazelle criteria begins by analyzing the performance of more than half a million VAT-registered companies in Denmark, to finally reveal businesses that have achieved more than 100 per cent growth over a four-year period.

Christian LeBlanc Thilsted, Co-Founder of Wood Thilsted just six years ago, said: “As we continue to grow with worldwide projects, including, Japan, America and the UK, the Gazelle Award underlines the excellence of the specialized engineering that our expanding global team is delivering. We play a pivotal role in offshore wind projects that are making a huge, positive difference to the world’s reduction in fossil fuels”.

The inspiration for the Gazelle Awards emanated from USA, where the economist David Birch of Cognetics Inc. described businesses as:

Elephants: Very big businesses such as US Steel Corp., General Motors Corp. and General Electric Co., that in the 1950s, dominated the world.

Mice: Small businesses with a maximum of 20 employees, that in the 1980s, contributed to the net employment growth of 20 million new jobs in the private sector while at the same time the elephants dismissed 4 million persons.

Gazelles: In the 1990s the gazelles took the lead. These businesses are big enough to be able to compete, but also small enough to respond rapidly to changes. David Birch’s figures demonstrated that whilst gazelles in the USA only account for 3 per cent of the American private sector’s labour force, they were responsible for 70 per cent of newly created jobs.