Following the assignment, in late November 2024, of the FIMER S.p.A. business complex, a leading Italian solar inverter designer and manufacturer, to MA Solar Italy Limited affiliated with the McLaren Applied Group, the acquisition procedure has today been formally completed as planned. FIMER has been officially welcomed into the Greybull Capital and McLaren Applied family.
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 FIMER to now focus entirely on its business development activities and pursue exciting growth opportunities.
McLaren Applied is a leading provider of advanced 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.
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. We see many areas of complementary development and an exciting future for FIMER.”
Marc Meyohas, Managing Partner of Greybull Capital, confirmed: “FIMER has a huge opportunity ahead, in part thanks to its uniquely talented team and workforce, well-invested industrial tools and decades of know-how. Having been fully restructured and with the completion of this transaction, FIMER now has the capital and determination to capture the opportunity that lies ahead. We are excited about this investment and look forward to supporting FIMER as they help to develop the electrification transition.”
){kind=link}