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EQS-News: The Platform Group AG: Acquisition of Enterprise Software-as-a-Service platform fintus business

EQS-News: The Platform Group AG / Key word(s): Investment/Takeover
The Platform Group AG: Acquisition of Enterprise Software-as-a-Service platform fintus business

25.03.2025 / 10:45 CET/CEST
The issuer is solely responsible for the content of this announcement.

The Platform Group AG: Acquisition of Enterprise Software-as-a-Service platform fintus business

Düsseldorf, 25 March 2025. The Platform Group AG (ISIN , “”), a leading software company for platform solutions, has acquired the fintus and finted AI business (through the acquisition of finone Holding), based in Frankfurt/Main. A contract for 51% of the company’s shares was signed on 24 March 2025. Closing is expected in April 2025. The parties have agreed not to disclose the purchase price.

fintus has successfully positioned itself as a platform for Software-as-a-Service (SaaS) products for highly regulated financial institutions in Germany and Austria. The core of the acquired software portfolio is the low-code enterprise software for financial institutions fintus.

Dr. Dominik Benner, CEO of The Platform Group AG: “With the investment in fintus, we are continuing to grow in the area of finance platforms following the acquisition of FirstWire. We are also investing in the sustainably growing segment of B2B Software-as-a-Service (SaaS) solutions in the enterprise segment. The aim of the acquisition is to further expand the use of the fintus software platform in German-speaking countries and to work with leading financial institutions in the long term. Sales with SaaS-software of fintus is in the double-digit millions.“

Benjamin Hermanns, Partner and future Managing Director at fintus: “In recent years, TPG has successfully developed from an online retailer into a serious provider of software solutions. We look forward to strengthening the platform and software approach together and to establishing fintus even more strongly as a SaaS solution for banks in Germany and abroad.“

The Platform Group AG:

is a software company that is active in 25 industries 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 18 locations across Europe and is headquartered in Düsseldorf. In 2024, sales of EUR 525 million was realized with an operating result (EBITDA adjusted) of EUR 33 million.

Contact:

Investor Relations
Reinhard Hetkamp, CFO and Head of IR

Schloss Elbroich | Am Falder 4 | 40589 Düsseldorf | Germany


25.03.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group.
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 -news.com
Language: English
Company: The Platform Group AG
Schloss Elbroich, Am Falder 4
40589 Düsseldorf
Germany
E-mail:
Internet: -platform-group.com/
ISIN: DE000A2QEFA1
WKN: A2QEFA
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Oslo
EQS News ID: 2105898

 
End of News EQS News Service

2105898  25.03.2025 CET/CEST

EN
25/03/2025

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