Fimer signs an agreement to acquire ABB’s solar inverter business on the 9th July with the acquisition expected to reach financial closure in Q1 2020. ABB will pay Fimer approximately $323 million in the transaction. In addition, ABB will incur separation costs and other non-operational expenses related to the divestiture. In total, ABB expects to take an after-tax non-operational charge of approximately $470 million in the second quarter of 2019.
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