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 conclude its restructuring process and reach a renewed financial solidity with more than $51 million in investment. This important development enables FIMER to now focus entirely on its business development activities and pursue growth opportunities.
McLaren Applied is a provider of advanced engineering and technology solutions across several sectors including motorsports, automotive and public transport. The technological synergies between FIMER and McLaren Applied are anticipated to foster innovation, enhance operational efficiency and support market growth, including the entry into new sectors beyond photovoltaics.
“We are delighted that the acquisition of FIMER by MA Solar Italy Limited has been formalized,” said Nick Fry, Chairman of McLaren Applied. “FIMER has a leading market position with a well-established industrial footprint in the design and manufacture of inverters. Above all, FIMER has a highly talented and committed workforce which is its most important asset, similar to the culture and ambition of our team at McLaren Applied. We see many areas of complementary development and an exciting future for FIMER.”
News item from FIMER
