BayWa AG / Key word(s): Acquisition 02.12.2011 09:07 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- BayWa acquires shares in photovoltaics wholesaler in South Tyrol Munich-based BayWa AG is entering the Italian photovoltaic (PV) wholesale market through its wholly-owned subsidiary BayWa r.e which comprises all the company's activities in the field of renewable energies. BayWa r.e is taking over 70 percent in Tecno Spot GmbH, a wholesaler for photovoltaic systems headquartered in Bruneck (South Tyrol). The seller is Gremes GmbH which will continue to hold a 30-percent stake in Tecno Spot. Gert Gremes will continue to head the company as its managing director. The basic purchase price comes to approximately EUR 8.0 million, plus a performance-linked component of a maximum amount of EUR 14.5 million to be paid out over the next three years. The acquisition is still subject to approval by the respective anti-trust authority. Tecno Spot founded in 1998, is an established premium supplier which covers the whole value chain in system integration for wholesalers operating in the photovoltaic system and plant business. It is a high-growth company with a firm foothold in the market and a workforce of 30 employees. In the financial year 2010, it sold more than 50 megawatts worth of PV plants and systems and achieved revenues of around EUR 146 million. The purchase of Tecno Spot will mean that BayWa now operates in all key European countries in the field of renewable energies. Through this acquisition the BayWa Group intends to participate in Italy's attractive solar panel market where expert opinion estimates growth potential at 3 to 5 gigawatts a year. BayWa r.e GmbH is a wholly-owned subsidiary of BayWa AG. The Group has concentrated all its activities in the field of renewable energies under BayWa r.e and is positioning itself in this growth market. Through the subsidiaries of BayWa r.e, which operate internationally in the areas of biogas and photovoltaic plants and wind farms, BayWa has established itself in the renewable energies sector. BayWa focuses on project development, the construction of and trading in plants and modules but is, however, not yet actively involved in the technical manufacturing of plant components. BayWa Aktiengesellschaft, ArabellastraÃe 4, D - 81925 Munich, www.baywa.de WKN 519406 // ISIN DE0005194062; WKN 519400 // ISIN DE0005194005 Contact: Marion Danneboom, BayWa AG, Head of PR/Corporate Communication, tel. +49 (0)89/92 22-36 80, Fax +49 (0)89/92 22-36 98, e-mail: marion.danneboom@baywa.de 02.12.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: BayWa AG ArabellastraÃe 4 81925 München Germany Phone: 089/ 9222-3691 Fax: 089/ 9222-3698 E-mail: marion.danneboom@baywa.de Internet: www.baywa.de ISIN: DE0005194062, DE0005194005, WKN: 519406, 519400, Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: BayWa acquires shares in photovoltaics wholesaler in South Tyrol
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