Watson Farley & Williams (“WFW”) has advised BayWa r.e. AG (“BayWa r.e.”) on its acquisition, via its wholly-owned subsidiary novotegra GmbH (“novotegra”), of PV Integ AG (“PV Integ”), a Swiss-based company specialising in the development and distribution of mounting systems of photovoltaic systems. Through this acquisition, novotegra will increase sales in existing distribution channels, as well as launch a new product range across multiple international markets through the combined sales and logistics strength.
BayWa r.e. is a leading global renewable energy developer, service provider, distributor and energy solutions provider and is actively shaping the future of energy. It is part of the BayWa Group, a family of globally successful businesses founded in 1923 that specialise in trading, logistics and services within the agriculture, energy and building materials markets.
Founded in 2011, PV Integ specialises in the developing and distributing roof-penetration-free mounting systems for solar plants that are made from almost 100% recycled materials.
The WFW Germany team was led by Frankfurt Corporate Partner Dr Christoph Naumann with support from Frankfurt Senior Associate Matthias Strecker. Hamburg’s Counsel Torge Rademacher and Associate Desideria-Alexia Pohl advised on the IP aspects of the transaction, whilst Partner Dr Andreas Wiegreffe and Managing Associate Nora Fleischhauer advised on employment law. Partner Moritz Näf and Associate Valérie Model of BodmerFischer acted as BayWa r.e.’s Swiss counsel.
Christoph commented: “I am delighted that we were able to support long-standing client BayWa r.e. on their acquisition of PV Integ. That they continue to instruct us underpins our expertise and experience in M&A transactions specifically and corporate legal excellence more generally”.