ABB to Exit Solar Inverter Business, at a Cost of $470M

Greentech Media
By info@greentechmedia.comJul 9, 2019, 5:21 pm145 pts
ABB, a major player in the global solar inverter market, is paying $470 million to unload the business to Italian company FIMER – an acknowledgement of ongoing challenges in a market driven by fierce competition and increasing price pressure. Tuesday’s deal will cost ABB an after-tax non-operational…

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