Put companies on watchlist
The Platform Group AG
ISIN: DE000A2QEFA1
WKN: A2QEFA
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

The Platform Group AG · ISIN: DE000A2QEFA1 · EQS - Company News (110 News)
Country: Germany · Primary market: Germany · EQS NID: 1943523
11 July 2024 02:00PM

The Platform Group AG acquires bicycle parts platform


EQS-News: The Platform Group AG / Key word(s): Investment/Takeover
The Platform Group AG acquires bicycle parts platform

11.07.2024 / 14:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


The Platform Group AG acquires bicycle parts platform

Düsseldorf, 11 July 2024.
The Platform Group AG (ISIN DE000A2QEFA1, “TPG”), a leading software company for platform solutions, has acquired a majority stake in Jungherz GmbH. Jungherz operates the Radzentrum Nagold (a stationary bicycle center), the Fahrradteile-Shop (an online shop for bicycle parts) and is a licensed partner for Centurion, Haibike, Ghost, Scott, and other renowned brands.

Falko Borkhart, Managing Director of Jungherz GmbH: “We are looking forward to growing together with TPG in the future and expanding our activities particularly with TPG’s portfolio company Bike-Angebot. Since we are addressing the same market, we see great potential to better serve the accessories segment as a platform in addition to e-bikes.”

Jungherz GmbH will be 90% owned by TPG in the future. The assets of the former Greendonkey GmbH were acquired prior to the transaction and transferred to the company. At the Nagold site, 30 employees work in the areas of online retail, platform, partners, and services.

Dr. Dominik Benner, CEO of The Platform Group AG: “With the majority acquisition of Jungherz, we are strengthening our Freight Goods segment and can strategically expand the accessories range together with Bike-Angebot. With the automated Autostore warehouse system in use at Jungherz, the stage is set for further growth. We are buying anti-cyclically: the bicycle market is currently in a state of crisis, so we are seizing the opportunity and benefiting as a platform from the wide range of products being on offer.”

Closing of the transaction is expected by the end of July 2024. The parties have agreed not to disclose the purchase price.

The Platform Group AG:

The Platform Group AG is a software company that is active in 22 sectors with its own platform solutions. Its customers include both B2B and B2C customers in sectors such as furniture retail, machinery retail, dental technology, car platforms, and luxury fashion. The Group has 16 locations across Europe and is headquartered in Düsseldorf. Over 24 investments and company acquisitions have been made since 2020. In 2023, pro-forma sales of EUR 441 million and an operating result (adjusted EBITDA) of EUR 22.6 million were realized.

Contact:

Investor Relations
Reinhard Hetkamp, CFO and Head of IR
ir@the-platform-group.com
Schloss Elbroich | Am Falder 4 | 40589 Düsseldorf | Germany
corporate.the-platform-group.com



11.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: The Platform Group AG
Schloss Elbroich, Am Falder 4
40589 Düsseldorf
Germany
E-mail: ir@the-platform-group.com
Internet: https://the-platform-group.com/
ISIN: DE000A2QEFA1
WKN: A2QEFA
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1943523

 
End of News EQS News Service

1943523  11.07.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1943523&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f
Visual performance / price development - The Platform Group AG
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.