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ABB gets nod to sell its solar inverter business to FIMER

09 Jul 2019 Evaluate

ABB India’s board has granted in-principle approval for sale of its solar inverter business to an Italian company, FIMER S.p.A. The Board's decision is in line with ABB Group’s strategy of ongoing systematic portfolio management to strengthen competitiveness, focus on quality of revenue and higher growth segments. The Board of Directors of the company at its special meeting held on July 9, 2019 has approved the same.

ABB India is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally.

Peers
Company Name CMP
Waaree Energies 2396.50
Apar Industries 18171.00
Havells India 1059.50
Suzlon Energy 38.35
Siemens 3804.45
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