FAIN Puertas (doors division)
FAIN Puertas (doors division) is an elevator company based in Spain. It employs approximately 30 people.
1 public people · 0 tender wins · 8 verified market signals
| Country | Spain |
|---|---|
| Region | Iberia · Europe · EMEA |
| Headquarters | Spain (within FAIN Group HQ infrastructure) |
| Employees | 30 |
| Fleet (est.) | ~10,000 units |
| Revenue (Vertisk estimate) | ~US$6M (FY2025, est.) |
| Market position | FAIN doors division — separate business unit launched Oct 2021. Fastest-growing FAIN segment by unit count (1,100 → 10,000+ in 4 years). €5.5M FY25. |
| Operates in | Spain primarily; cross-country FAIN group footprint potentially. Operates as separate unit within group. |
| Website | https://fain.es |
Public people
- Carmelo Moreno — Director (Partner), FAIN Puertas
Market signals
- Investor thesis: FAIN as leading European independent consolidator
FAIN = standout consolidator combining family ownership, M&A discipline (134 deals), Mitsubishi partnership, EU regulatory tailwind. Target €300M FY26.
- Spanish ITC-MIE-AEM-1 regulation drives consolidation tailwind for FAIN
New ITC-MIE-AEM-1 regulation creates compliance burden on small operators → consolidation opportunity for FAIN as integrator.
- FAIN buys 13 lift companies in 2025; raises forecast above €260M
FAIN integrated 13 acquisitions in 2025 across ES (5 cos), BE (D Lift, Quality Lift), NL (BellBoy), DK (Elecom — first Nordic entry), FR (1 co). 12K+ units + 168 professionals added.
- FAIN Group reaches €256.9M in 2025; targets €300M for 2026
FAIN FY25: €256.9M revenue (+17.8% YoY), 1,700 emp, 100K+ units. 13 acquisitions in 2025. Targeting €300M FY26.
- Spanish lift market hits €3.01B 2024; growing 4-5% annually toward €3.3B 2026
Spanish lift market €3.01B 2024 = FAIN €218M is 7.2% market share. Forecast 4-5% growth toward €3.3B 2026.
- FAIN ION elevators achieve Cradle to Cradle Bronze certification
ION + ION Adapt Cradle-to-Cradle Bronze certified Jul 2024. Sustainability/circular-economy positioning.
- FAIN aiming for European-elevator-giant status; 12 more acquisitions in pipeline
Apr 2024 ElEconomista feature with GM Rafael Fernández. Tracks unit growth 2014→2024 (37K→80K). Pipeline of 12 acquisitions across NL/BE/IE.
- FAIN Ascensores feature: 3rd-generation Spanish independent with Mitsubishi backing
ElevatorWorld interview with Gema Mediavilla. Covers 3-generation history, Mitsubishi partnership 2001+, ION product family.
Who wins lift work in Spain
1,789 tender notices · independents hold 19.1% of named wins
- TK Elevator Spain S.A. — 161 wins
- Otis Spain (Otis Mobility S.A.) — 100 wins
- Orona S. Coop. — 99 wins
- Schindler S.A. Spain — 96 wins
- KONE Elevadores S.A. — 47 wins
- GENERAL ELEVADORES XXI, S.L. — 18 wins
- FAIN ASCENSORES, S.A. — 15 wins
- Mac Puar Ascensores — 12 wins
- ASCENSORES ENOR, S.L. — 9 wins
- Ascensores Pertor S.L. — 8 wins
- Ascensores Ingar S.A. — 7 wins
- ASCENSORES ERSCE S.A.U. — 6 wins
By type of work
- maintenance — 739
- repair — 504
- modernization — 188
- new install — 179
Spain by type of work
- maintenance — 739 notices
- repair — 504 notices
- modernization — 188 notices
- new install — 179 notices
Spain market
- Companies profiled — 382
- Tender notices — 1,789
- Modernisation notices — 188
- Independents’ share — 19.1%
Compare markets — maintenance
Elevator maintenance contract notices over the last 24 months, Spain against comparable markets.
- Spain — 665 notices (this market)
- Ukraine — 5,029 notices
- Italy — 3,943 notices
- Colombia — 2,814 notices
- France — 1,423 notices
- Brazil — 1,070 notices
- Greece — 1,068 notices
Spain national portal — contrataciondelestado.es
799 lift notices published on Spain’s own procurement portal, shown in the original language.
- Suministro para sustitución de ascensores en la estación de Bilbao Abando Indalecio Prieto. — ADIF - Presidencia (tender)
- Suministro de un vehículo industrial usado tipo furgón con plataforma elevadora para personal. — Alcaldía del Ayuntamiento de Lucena (tender)
- Sum. cuatro elevadores de columna 8,5T — Sección de Asuntos Económicos de la Comandancia General de Ceuta (tender)
- Mantenimiento de equipos elevadores y polipastos — Jefatura de Asuntos Económicos del Mando de Apoyo Logístico (award)
- Servicio de mantenimiento integral de los ascensores, elevadores, montacargas y salvaescaleras de las dependencias del ayuntamiento de La Matanza de Acentejo — Junta de Gobierno Local del Ayuntamiento de La Matanza de Acentejo (award)
- CM suministre de alquiler de maquines elevadores per a realitzar la neteja en vertical i altres tasques en la piscina coberta — Concejalía Delegada de Contratación del Ajuntament de Tavernes de la Valldigna (award)
- Servicio de mantenimiento general de los edificios e instalaciones, de sistemas de protección contra incendios, y de equipos elevadores de los edificios cicCartuja 1 y cicCartuja 2 del Centro de Investigaciones Científicas Isla de La Cartuja, de la Agencia Estatal Consejo Superior de Investigaciones Científicas. — Secretaría General de la Agencia Estatal Consejo Superior de Investigaciones Científicas (tender)
- Contrato de Servicio de Mantenimiento Integral y de Inspección Técnica de los aparatos elevadores e instalaciones electromecánicas en edificios adscritos al Área de Gobierno de Cultura, Turismo y Deporte (4 Lotes). — Área de Gobierno de Cultura, Turismo y Deporte (tender)
FAIN Group (FAIN Ascensores SA) in other markets
- FAIN Group (FAIN Ascensores SA)
- FAIN Ascenseurs France — 3 wins
- FAIN Ascensores Spain (HQ)
- FAIN Belgium (FAIN Ascenseurs Belgique)
- FAIN Denmark (Elecom)
- FAIN Ireland (formerly Otis Ireland subsidiary)
- FAIN Netherlands (BellBoy)
- FAIN Switzerland (LSM)