About Us

FRIEM, high power converters since 1950

FRIEM has expertise and reliability in the global electric energy converter market for more than 70 years. In 1950, Mr. Angelo Pagliai endowed with tenacious entrepreneurial attitude, laid the foundation of FRIEM. By enhancing experience, reputation and know-how, today the third generation of the shareholders of today, who even wear the role of managers, is going to organise an industrial group that is intended to continuosly evolve into its own history.
Fondo Italiano d’Investimento SGR, has recently entered FRIEM’s capital through FITEC, with a minority share.




FITEC is a tech growth fund managed by Fondo Italiano d’Investimento SGR,

created on the initiative of the Italian Ministry of Economy and Finance

 and owned by CDP Equity.

It made its first closing in September 2017 with Cassa Depositi e Prestiti as its Cornerstone Investor. Today it manages € 133 million and invests in small and medium-sized innovative Italian tech companies with revenue between € 5 and € 70 million to support their growth, product development and commercial competitiveness

70 years young

A long history of passion and innovation, which, combined with creativity and technology, contributes to creating value and enriching any project.

1950 The beginning
1964 A chemical industry
1970 Electric Mobility
1984 Power supply for polysilicon production
1998 Change on top
2005 New partnerships, new headquarter
2018 Towards the energy transition
2019-2021 New partnership and cooperation
2022 CDP became shareholder of FRIEM
Today Technology provider leader for energy transition

Our industrial mission,

as well as the investment policy, is focused on our historical core business: the high power converters.

Being one of the top worldwide players concerning our sector, the international leadership characterises the diversification of our leading business.

In fact, today FRIEM, throught the affiliated company F&F, provides the market with products and solutions for the renewable energies (energy storage). Moreover, our subsidiary Eyes, serves the sustainable mobility market with EV charging systems and vehicles electrification.

The green hydrogen challenge needs our commitment

With efficient and modular solutions, FRIEM is the right partner to sustain the hydrogen production through electrolysis. We have a central role between the natural resources’ management and the end users, in the green hydrogen supply chain, as well as in the Power to Gas and Gas to Power processes.

FRIEM today

It continues to be headquartered in Segrate (Milan). The industrial area of 11 thousand sqm, hosts more than 100 workers. Moreover, the company counts on workshops and representatives in 27 countries across the five continents, beyond which we also have two subsidiaries in USA (FRIEM America Inc.), Brazil (FRIEM LATAM Eireli) and a commercial office in Indonesia.