In the financial year 2019, revenues at BayWa AG, Munich, Germany, increased to €17.1 billion (2018: €16.6 billion), thereby exceeding the mark of €17 billion for the first time.
BayWa r.e. continues its Asia-Pacific expansion with new PV distribution base in the Philippines.
BayWa r.e has acquired Toronto-based software house PowerHub.
BayWa AG, Munich, has significantly increased its operating result (EBIT) in the first half of 2019 in comparison to the same period in the previous year.
As part of its ongoing expansion and investment in North America, BayWa r.e. is acquiring Canadian solar distributor and service provider, National Solar Distributors Inc.