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04 June 2020 The on-line newspaper devoted to the world of transports 06:07 GMT+2

July 9, 2019

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Helvetian ABB yields the activity in the segment of inverter solar estern the FIMER

The field counts about 800 dependent in beyond 30 Countries, with productive sites and situated in research & development in Italy, India and Finland

Helvetic group ABB has signed an agreement with Italian FIMER in order to yield to this last activity of relative the Swiss company to the inverter solar that it counts about 800 dependent in beyond 30 Countries, with productive sites and situated in research & development in Italy, India and Finland. This unit includes the business of the inverter solar of Power-One that had been acquired from the division Discreet Automation of ABB in 2013. This unit, that it offers a complete portfolio of producing, systems and services for various types of solar installations, currently is integrated in the Electrification Business of ABB and in 2018 it has realized a turnover of about 290 million dollars.

ABB and FIMER have specified that they will assure an easy transition for customers and dependent and that FIMER will honor all the guarantees in being and ABB will compensate FIMER for the taken one in cargo of the business and the connected burdens to it.

Moreover ABB has specified that, after the closing of the transaction, the attainment of the objectives of fixed marginalities in a corridor is previewed that operating margin EBITA of the Electrification Business of the Helvetic group positively will be impattato with a slightly advanced increment to the 50 base points, supporting of 15-19%.

The operation would have to be completed in the first trimester of 2020 and will be subject to some conditions, between which the completion of the activities of transfer and, where previewed, the pre-emptive consultation with the agencies representatives of the workers.

In Italy, inside of the society Power-One Italy Spa, it is present, besides the relative activity to the inverter solar, also the operating unit that takes care of development, production and commercialization of systems of recharges for vehicles constituents. Online with the strategy of the Swiss group of development of the technologies for sustainable mobility, this unit will remain in ABB.

The managing director of the Italian company, Filippo Carzaniga, has emphasized that the acquisition ahead represents a "step in the development of the focalization of FIMER in the Business of the solar one, that strongly will be strengthened by this integration. Our engagement to make the difference in the market of the energy - it has added - will continue through the development of new platforms of producing and innovative digital technologies. We will during the last few years continue the great job carried out from ABB, giving new form to the precious resources, present acquaintances and competences in Italy and the world. With a portfolio still more solid, we are best positioned in order to face the future of this more and more strategic business".

"The cession - Tarak Mehta has explained, president of ABB the Electrification business - is online with our strategy of systematic management of the portfolio in order to strengthen our competitiveness and the focalization on segments to elevated increase and profit. The market of the solar one represents for FIMER an area of consolidated focalization and is for that we consider the ideal owners to them for the business of the inverter solar of ABB. The combination of the portfolio of the two companies with the FIMER leadership will carry to an ulterior increase in the sales. ABB will continue to integrate the solar energy in its solutions for building intelligent, storage and the systems of recharge for vehicles constituents thanks to its solutions of lowland and medium voltage".

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