EQS-News: The Platform Group AG
/ Key word(s): Mergers & Acquisitions/Takeover
The Platform Group AG acquires Hood.de platform
16.02.2024 / 15:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
The Platform Group AG acquires Hood.de platform
Düsseldorf, 16 February 2024. The Platform Group AG (ISIN DE000A200QEFA1, “TPG”), a leading software company for platform solutions, is pushing ahead its acquisition strategy with the complete takeover of Hood Media GmbH ("Hood").
Founded in 1999, the Cologne-based company Hood with its platform Hood.de is one of the 10 largest marketplaces in Germany with more than 4,900 active retailers in over 20 product categories. Hood will be part of TPG's "Consumer Goods" segment in future.
Dr. Dominik Benner, CEO of The Platform Group AG: “We are pleased that Hood will be part of TPG in the future and that we will gain another 4,900 active retailers. Hood is a platform with a long history. Our objective is to actively evolve Hood.”
The takeover will be financed from TPG's own funds. The parties have agreed not to disclose the purchase price. The transaction is expected to be closed by the end of February 2024. In the current year, The Platform Group AG plans to acquire 3-8 companies in both the B2B and B2C sectors.
The Platform Group AG:
The Platform Group AG is a software company that is active in 19 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 14 locations across Europe with 750 employees. Over 20 investments and company acquisitions have been made since 2020. In 2023, sales of EUR 440 million and an adjusted EBITDA of EUR 20 million are expected.
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
16.02.2024 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.
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Platform Group AG, formerly fashionette AG, is a Germany-based Company, which provides a platform for online shopping. The Company is engaged in providing software solutions that can be used in almost all sectors and industries. Its industries include the machinery trade, dental technology, car platforms, luxury fashion and furniture. The products are purchased by Business to Business (B2B) and Business-to-consumer (B2C) customers. The Company offers full-service package consisting of software solutions, logistics, marketing, customer support, payment, and customer reach. It operates 20 platforms in 18 different sectors.
THE PLATFORM GROUP AG 
