In 2020, the firm expanded into the home and small commercial market with its acquisition of ABB's solar inverter business. After the acquisition, FIMER claimed to be fourth largest solar inverter supplier in the world and had three inverter manufacturing facilities – two in Italy and one in India; plus several R&D facilities.
ABB enjoyed significant popularity with its residential solar inverters here in Australia, and when FIMER acquired the inverter business, it committed to honouring existing ABB warranties. Cracks started appearing in the firm during the COVID-19 pandemic due to lockdowns and component/raw material shortages.
The inverter, EV charger and energy storage firm says the acquisition by MA Solar Italy Limited marks an “important turning point” for the company; enabling it to bring its restructuring process to fruition, supporting its plan for the continuity of the business and allowing it to expand its activities.
MA Solar Italy Ltd. was chosen for its business plan, which focuses on growing its inverter design and production for solar systems. The company, which is part of McLaren Group, became independent in 2021 and is now owned by private investment firm Greybull Capital.
Established in 1942, FIMER started out manufacturing welders and began developing inverter technology for large scale renewables in 1983. In 2020, the firm expanded into the home and small
Free Quote
Meta Description: Discover why major energy firms are aggressively acquiring stock photovoltaic inverter manufacturers in 2024. Explore market trends, financial drivers, and real-world case studies
Free Quote
McLaren Applied Group has purchased Italian inverter manufacturer Fimer for an undisclosed sum through its subsidiary, MA Solar Italy Ltd. The deal, which includes Fimer''s
Free Quote
UK engineering and tech solutions firm McLaren Applied Group, through its affiliate MA Solar Italy Limited, has formally closed the acquisition of Italian solar inverter designer and
Free Quote
Nick Fry, Chairman of McLaren Applied, commented: “We are delighted that the acquisition of FIMER by MA Solar Italy has been formalised. FIMER has a leading market position
Free Quote
Following the assignment, in late November 2024, of the FIMER S.p.A. business complex, a leading Italian solar inverter designer and manufacturer, to MA Solar Italy Limited affiliated to the McLaren
Free Quote
Italian solar inverter designer and manufacturer FIMER has officially been acquired by MA Solar Italy Limited, affiliated with the McLaren Applied Group. The acquisition allows FIMER to
Free Quote
Premier Energies will acquire 51% of the issued and paid-up equity share capital of the target company. Premier Energies shares are in focus today after the firm said its board has cleared
Free Quote
Shares of Premier Energies and Syrma SGS Technology gained after both companies announced the joint acquisition of KSolare Energy, a Pune-based solar inverter manufacturer.
Free Quote
With ABB''s acquisition of Gamesa Electric''s inverter and converter segment from Seimens Gamesa Renewable Energy, ABB will broaden the reach of Gamesa''s power electronics
Free QuotePDF version includes complete article with source references. Suitable for printing and offline reading.
