The Platform Group AG Acquires 0815 Group in Austria

The Platform Group AG, a leading platform solutions software company, announced the majority acquisition of the 0815 Group based in Vienna, Austria. The closing is expected in October 2024, and both parties have agreed not to disclose the purchase price.

Founded in 2007, the 0815 Group initially focused on online trade in electronic goods before expanding into tools, gardening products, and motor technology. The company has seen significant growth since 2012, including the construction of a new central warehouse and expansion of partnerships with brands like Bosch and Dyson. 0815 primarily operates in Austria and Germany.

Florian Fleck, Managing Director at 0815, expressed excitement about implementing their expansion strategy with TPG as their partner. Alexander Peretti, also a Managing Director, noted that the acquisition would allow them to reach new markets in the EU.

Dr. Dominik Benner, CEO of The Platform Group AG, highlighted 0815's strong reputation and its profitable e-commerce operations in consumer goods. CFO Reinhard Hetkamp emphasized the financial growth and market share gains this acquisition brings to the company.