Italian firm finalizes acquisition of inverter business

Italian inverter maker Fimer has completed its purchase of AAB's manufacturing and R&D sites in Finland, India and Italy, along with 800 employees in 26 countries. Fimer said the combined business will ship more than 7 GW of inverters this year.Italian inverter manufacturer Fimer has completed the acquisition of the inverter business of Swiss conglomerate ABB which it started in July. Fimer confirmed the transaction included all of ABB's manufacturing and R&D sites in Finland, India and Italy and 800 employees in 26 different countries. The buyer still has not announced the full cost of the ...

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