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.

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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


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

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   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
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1943523 11.07.2024 CET/CEST