FIMER S.p.A

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.

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.