The Platform Group Expands in Optical Sector

The Platform Group AG, a leading provider of platform solutions, has closed two significant acquisitions in the optical sector. The company finalized the purchase of two optician chains in Germany, boasting 30 locations and 200 employees. The acquisition includes Freudenhaus Optik Handels GmbH and FH EYWR GmbH in Munich. This move marks the first step in a broader strategy to establish a prominent presence in the optical industry.

The strategy includes a three-stage approach aiming to integrate numerous optician companies across Germany and the EU by the end of 2026. The acquisitions are set to create an independent segment within The Platform Group AG, potentially generating over EUR 30 million in sales and an EBITDA margin of at least 25% in the financial year 2025. This initiative is part of a larger plan to open TPG’s optician platform, MyGlasses, to external opticians by the end of 2025.