The Platform Group AG's GINDUMAC Acquires B2B Platform for Wood Machinery

Düsseldorf, 11 June 2024. The Platform Group AG (TPG) has announced that its majority portfolio company, GINDUMAC Group, has acquired Wehrmann GmbH & Co. KG. GINDUMAC, a European leader in B2B machinery trading, aims to expand its reach into the wood machinery sector with this acquisition.

Daniel Kaiser, Co-CEO of GINDUMAC, stated that this acquisition allows the company to enter a new market segment and diversify its range of services. GINDUMAC will now offer storage, maintenance, and assembly services for wood processing machines, taking its platform to a new dimension.

Wehrmann, based in Barntrup, Germany, has over 80 years of experience in the wood processing industry. The company has positioned itself as a global B2B platform for wood machinery and special machines and services since 2010.

Dr. Dominik Benner, CEO of TPG, mentioned that this acquisition aligns with their strategy of exploring attractive niches. He added that TPG's innovative software solutions would help realize Wehrmann's full potential through digitalization and modernization.

The acquisition is retroactive from 1 January 2024 and will be finalized in June 2024. Financial terms were not disclosed.