The acquisition allows Fimer to conclude its restructuring process and reach a renewed financial solidity with more than €50 million in investment. This important development enables the company to now focus entirely on its business development activities and pursue growth opportunities.
Also see: Struggling Italian inverter manufacturer Fimer taken over by McLaren Applied Group
McLaren Applied is a provider of 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, the companies announced.
„Highly talented and committed workforce“
When commenting on the acquisition, Nick Fry, Chairman of McLaren Applied, stated: “We are delighted that the acquisition of Fimer by MA Solar Italy Limited has been formalised. 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.”
Also see: SolarPower Europe calls for action plan to save the European PV inverter industry
Marc Meyohas, Managing Partner of Greybull Capital, confirmed: “ We are excited about this investment and look forward to supporting Fimer as they help to develop the electrification transition.” (hcn)
