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.”
Interesting to see Fimer's acquisition of ABB's inverter business, making them the 4th largest provider—a major shift in the energy sector. Reading about industrial consolidation got me thinking about how AI is revolutionizing other fields. I recently used the AI interior design generator to reimagine my kitchen and was blown away by the realistic transformations.
Came for the topic and stayed for the quality of the execution. Came for a quick game at Ragdoll Archers and stayed because the quality of the experience kept pulling me back in.
Came for the topic and stayed for the quality of the execution. Came for a quick game at Eggy Car and stayed because the quality of the experience kept pulling me back in.