# FIMER to acquire ABB's solar inverter business

ABB and FIMER S.p.A signed an agreement for FIMER to acquire ABB's solar inverter business, which had revenues of approximately $290 million in 2018.

- Type: Acquisition
- Announced: 2019-08-05
- Status: announced
- Products: solar inverters
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [ABB](https://endata.com/companies/1547.md) (target)
- [FIMER S.p.A](https://endata.com/companies/41115.md) (acquirer)

## Sources

- [electricalindia.in](https://www.electricalindia.in/abb-to-exit-solar-inverter-business/), 2019-08-05: "ABB and the Italian company FIMER S.p.A announced that they have signed an agreement for FIMER to acquire ABB’s solar inverter business."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.