BayWa AG through BayWa r.e. renewable energy GmbH, acquired Solarmatrix in Australia. The activities of Solarmatrix will be continued with the company BayWa r.e. Solar Systems Pty Ltd. formed specifically for this purpose.
"After entering the market in South East Asia a good half year ago, we now continue our international growth strategy in the Southern hemisphere. Given its high levels of sunlight, Australia is a most interesting business field for photovoltaic energy," explained Klaus Josef Lutz, Chief Executive Officer of BayWa AG.
"The task at hand is to utilise our 25 years of solar experience and the broad range of services of BayWa r.e. as one of the largest system providers of PV systems in Europe to also establish our product portfolio on the Australian market," added Matthias Taft, member of BayWa's Board of Management responsible for conventional energy and the renewable energies business.
The former managing director of Solarmatrix Durmus Yildiz who will now head the newly formed BayWa r.e. Solar Systems Pty Ltd.