FIMER completed the acquisition of the Solar Inverter Business of ABB.

FIMER, an inverter manufacturer, completed the acquisition of the Solar Inverter Business of ABB, a Swiss-Swedish multinational corporation headquartered in Zurich. Financial terms were not disclosed. "We are glad to announce this further step in our development as FIMER’s focus on the solar business will be greatly enhanced by this integration. Our commitment to positively influencing the energy market will be realized through the development of new product platforms and innovative digital technologies. We will continue the excellent job carried out by ABB in recent years, combining precious resources, knowledge and expertise in Italy and worldwide. With a strengthened portfolio, we are better placed to shape the future of this increasingly strategic business," Filippo Carzaniga, FIMER CEO.