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EQS-News: The Platform Group AG / Key word(s): Investment/Takeover
The Platform Group AG acquires bicycle parts platform
2024-07-11 / 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
2024-07-11 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
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1943523 2024-07-11 CET/CEST

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END) Dow Jones Newswires

July 11, 2024 08:01 ET (12:01 GMT)