The Platform Group AG Expands in Optical Sector, Divests Mister Spex Stake

The Platform Group AG is advancing its strategic expansion in the optical industry by selling its minority stake in Mister Spex SE. The Düsseldorf-based company aims to integrate over 1,000 local opticians and hearing acousticians into the MyGlasses.de platform by 2026. This move is part of a broader plan to acquire optical companies, anticipating sales between EUR 55 million and EUR 60 million, with an EBITDA margin of at least 25% by the end of 2026.

The divestiture of Mister Spex SE, consisting of a 7.6% stake, will occur through private sales and market transactions by October 2025. CFO Bjoern Minnier stated that focusing on the optical sector capitalizes on TPG's efficient capital allocation and benefits shareholders.

In 2024, The Platform Group realized sales of EUR 525 million across 27 industries, including furniture and car platforms, with an adjusted EBITDA of EUR 33 million, confirming its diverse operations.