Italian photo voltaic inverter designer and producer FIMER has formally been acquired by MA Photo voltaic Italy Restricted, affiliated with the McLaren Utilized Group. The acquisition permits FIMER to conclude its restructuring course of and attain a renewed monetary solidity with greater than $51 million in funding. This necessary growth allows FIMER to now focus totally on its enterprise growth actions and pursue development alternatives.
McLaren Utilized is a supplier of superior engineering and expertise options throughout a number of sectors together with motorsports, automotive and public transport. The technological synergies between FIMER and McLaren Utilized are anticipated to foster innovation, improve operational effectivity and help market development, together with the entry into new sectors past photovoltaics.
“We’re delighted that the acquisition of FIMER by MA Photo voltaic Italy Restricted has been formalized,” stated Nick Fry, Chairman of McLaren Utilized. “FIMER has a number one market place with a well-established industrial footprint within the design and manufacture of inverters. Above all, FIMER has a extremely gifted and dedicated workforce which is its most necessary asset, much like the tradition and ambition of our staff at McLaren Utilized. We see many areas of complementary growth and an thrilling future for FIMER.”
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