BayWa Group acquires Australian PV distributor Solarmatrix

BayWa builds central Europe's largest floating solar

BayWa group has entered the solar module and component business in Australia acquiring photovoltaic distributor Solarmatrix based in the West Australian city of Perth. 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,” said Klaus Josef Lutz, Chief Executive Officer of BayWa AG.

BayWa intends to benefit from the long-standing experience in the Australian solar market and good customer loyalty of the former Solarmatrix to further increase market shares Down Under.

BayWa r.e. will present itself and exhibit its comprehensive product and service portfolio for the first time at the “All Energy” trade fair in Melbourne on October 4 and 5.