# FIMER SpA completes acquisition of ABB's solar inverter business

FIMER SpA has completed the acquisition of ABB's solar inverter business, which has approximately 800 employees in over 30 countries and generated close to $290 million in annual revenue. The divestment allows ABB to focus on priority growth markets.

- Type: Acquisition
- Announced: 2020-03-02
- Status: completed
- Products: solar inverters
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [power-eng.com](https://www.power-eng.com/renewables/solar-energy/fimer-spa-completes-buy-of-abbs-solar-inverter-business/), 2020-03-02: "The completion of this divestment is another step forward in our strategy of systematic portfolio management."

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