DRS Provides Virtual Data Room to Support Baywa Investment in L&L Rotorservice GmbH

Frankfurt, January 16th, 2012 - Munich-based BayWa AG has acquired a 100 percent interest in L&L Rotorservice GmbH (Basdahl, Germany), a company specialising in the repair and maintenance of rotor blades, through its subsidiary BayWa r.e. The purchase price comes to around EUR 1 million.

L&L Rotorservice GmbH was previously owned by the two managing directors Reinhard Lührs and Horst Liese, each of whom held a 50 percent stake. Reinhard Lührs remains as managing director while Horst Liese is leaving the company. Over the course of this transaction, structures will be set in place to combine the service activities in the field of renewable energies under BayWa r.e.

BayWa utilized the virtual data room provided by DRS to process the transaction. Due to the high display speed all documents are presented in real-time which enables the due diligence analysts to work quickly and comfortably. It is equipped with the most up-to-date technologies which facilitate a fast and secure exchange of all transaction-relevant data.