FIMER, an Italian solar inverter designer and manufacturer, has been officially acquired by MA Solar Italy Limited, a subsidiary of McLaren Applied Group. This acquisition enables FIMER to complete the restructuring process and achieve new financial stability through an investment of over $51 million. This significant development enables FIMER to now fully focus on its business development activities and seek growth opportunities.

McLaren Applied is a supplier of advanced engineering and technological solutions for multiple fields including motorsports, automotive, and public transportation. The technological synergy between FIMER and McLaren Applied is expected to promote innovation, improve operational efficiency, and support market growth, including entering new fields beyond photovoltaics.

McLaren Applied Chairman Nick Fry said, "We are pleased that MA Solar Italy Limited has officially acquired FIMER. FIMER has a leading market position and mature industry influence in inverter design and manufacturing. Most importantly, FIMER has a talented and dedicated workforce, which is its most important asset, similar to the culture and aspirations of our McLaren Applied team. We see that FIMER has complementary developments in many fields, and its future prospects are exciting