Fimer becomes the 4th largest Inverter provider with the acquisition of ABB Inverter business
- Mar 23, 2020
- 1 min read
Fimer, the leading Italian Inverter maker recently completed their acquisition of ABB’s manufacturing and R&D sites in Finland, Italy and India. Fimer projects that the combined business will ship more than 7 GW of inverters this year. The acquisition began in July 2019 and was finally completed this month.
Fimer in a statement said that “Fimer’s commitment is to continue to create value and maintain existing facilities as well as employment levels. Investment in research and development are of key importance. As a result, Fimer decided to maintain both the R&D hub in Finland and manufacturing plants Italy and India.”
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"Exciting news! Fimer’s acquisition of ABB’s inverter business is a major step forward in the renewable energy sector. Maintaining R&D and manufacturing hubs while focusing on innovation shows their commitment to growth and sustainability." inat apk
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