The Platform Group Enters Optics & Acoustics with 30 New Locations

• The Platform Group AG is entering the optician and hearing acoustics market by acquiring two company groups with 30 locations.
• The acquisitions involve majority interests in Beste Aussichten GmbH and Karrasch & Nolte GmbH, both based in Münster, Germany.
• The purchase price is in the double-digit million-euro range, with a cash component and share compensation, but the exact price is undisclosed.
• The acquired companies will merge with the "MyGlasses" online platform, and further acquisitions in Germany and the EU are planned until the end of 2026.
• A new "Optics & Hearing" segment is expected to generate over EUR 30 million in sales and an adjusted EBITDA of EUR 8 million to EUR 10 million in 2025.
• The company plans to open the MyGlasses platform to external opticians by the end of 2025 and will introduce a separate segment in group reporting from the second half of 2025.

The price of The Platform Group at the time of the news was 10,225EUR and was down -1,45 % compared with the previous day.
12 minutes after the article was published, the price was 10,250EUR this corresponds to a plus of +0,24 % since publication.

The Platform Group

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ISIN:DE000A2QEFA1WKN:A2QEFA

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