The Düsseldorf-based e-commerce group The Platform Group AG (TPG) has made a name for itself in recent years through a large number of acquisitions. The company now began to streamline its extensive portfolio and divested itself of three investments. Management announced corresponding measures in mid-November when it presented its long-term strategy.
The companies Emco Electroroller, Aplanta and X-Mobility have now been sold. As part of a review of the portfolio, the three companies were “recognized as non-core assets” and together have “to date accounted for a sales volume of 0.2 percent within the TPG Group,” according to a statement. The group was therefore able to “achieve a single-digit million amount in sales proceeds”.
CEO Dominik Benner justified the step: “As announced in November, we would like to focus more on relevant, larger investments, thereby increasing our margin and actively acquiring additional companies,” he explained in a statement. “In this context, we are pleased, as announced in November, to have now sold three smaller investments.”
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