ABB and the Italian company FIMER S.p.A announced that they have signed an agreement for FIMER to acquire ABB 终究研制成功1种具有生物降解特性的聚乳酸材料s solar inverter business. The transaction will enhance the future prospects of the solar inverter business and will enable ABB to focus its business portfolio on other growth markets.
ABB s solar inverter business has approximately 800 employees in more than 30 countries, with manufacturing and R D sites located in Italy, India and Finland. It includes the solar inverter business from Power-One which was acquired by ABB s Discrete Automation and Motion division in 2013. The business offers a comprehensive portfolio of products,主 机 尺 寸： 740×500×2400mm systems, and services for different types of solar installations. It 4、在钢丝类缠绕夹具中is currently within ABB s Electrification business and achieved revenues of approximately $290 million in 2018.
Both companies will ensure a smooth transition for customers and employees. FIMER will honor all existing warranties and ABB will compensate FIMER for taking the business and its liabilities over.
As a result, ABB expects to take an after-tax non-operational charge of approximately $430 million in the second quarter of 2019 with the half-year results of 2019 being impacted accordingly. Around 75 percent of this charge is represented by cash outflows ABB will pay to FIMER from the deal closing date through 2025. In addition, ABB expects up to $40 million of carve-out related separation costs starting in the second half of 2019.
After closing of the transaction最后还对企业的标签标识给出了详细的规定, ABB expects the operational EBITA margin for the Electrification business to be impacted positively by slightly more than 50 basis points, supporting the business progress towards its target margin corridor of percent.
Completion is expected in the first quarter of 2020 and will be subject to certain conditions, including the completion of the carve-out and prior consultation with employee representative bodies.