News Summary
The Platform Group AG has acquired a majority stake in We Connect Work GmbH, a move aimed at enhancing B2B construction solutions. This acquisition strengthens TPG’s commitment to innovative construction technology, expanding We Connect Work’s capabilities and launching advanced B2B platforms. The partnership is set to drive improvements in service and efficiency across various trades, greatly benefiting clients in the construction sector.
The Platform Group AG Takes Majority Stake in We Connect Work GmbH
The Platform Group AG (TPG) has officially taken a significant step in expanding its presence in the construction industry by acquiring a majority stake in We Connect Work GmbH. This acquisition was publicly announced on July 28, 2025, marking a strategic move to enhance TPG’s offerings in B2B construction solutions.
About We Connect Work GmbH
We Connect Work is a Germany-based platform founded in 2022, situated in Bad Ems. The company serves clients across the industrial and construction sectors, including real estate firms, industrial companies, property developers, and architects. We Connect Work specializes in a variety of fields such as electrical, plumbing, heating, drywall construction, and welding technology. Since its inception, orders have been successfully fulfilled across Germany, Austria, and Eastern Europe, showcasing the platform’s growing reach and operational capabilities.
Expansion and Future Plans
The acquisition of We Connect Work is part of TPG’s broader strategy to expand its platform and introduce a new B2B platform focused on building materials and products related to the sanitary, heating, and electrical sectors. This new platform is expected to be launched by 2026, aiming to cater to the specific needs of B2B clients in these essential sectors.
Under this acquisition, the management team of We Connect Work will remain in their current roles, retaining a minority stake in the company. This arrangement is intended to maintain continuity in operations while also allowing TPG to leverage the expertise and market knowledge of We Connect Work’s leadership team.
Industry Impact and Statements from Leadership
Dr. Dominik Benner, CEO of TPG, has highlighted the company’s keen interest in the construction industry and the enormous potential for B2B platforms within this sector. With TPG’s existing resources and market presence, the collaboration with We Connect Work is poised to open new channels for innovation and efficiency in the industry.
Dirk Wiedenhues, Managing Director of We Connect Work, expressed enthusiasm for the partnership with TPG, indicating that combining forces will create exciting opportunities for expansion and development going forward. This collaboration is expected to enhance the overall efficiency of services offered to clients in the construction realm.
About The Platform Group AG
TPG operates as a software company across a diverse range of 27 industries, servicing both B2B and B2C customers. The company’s headquarters are located in Düsseldorf, and it has established a strong presence with 18 operational locations across Europe. In the fiscal year 2024, TPG reported impressive sales figures reaching EUR 525 million, alongside an adjusted operating result (EBITDA) of EUR 33 million.
This acquisition reflects TPG’s ongoing commitment to investing in and enhancing its infrastructure in the construction sector, a vital industry continually evolving to meet new demands and challenges. With We Connect Work now under its umbrella, TPG is well-positioned to exploit emerging opportunities in the B2B marketplace and contribute to the future of construction solutions in Europe and beyond.
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Additional Resources
- TradingView: The Platform Group AG Acquisition
- Wikipedia: Business-to-business
- TechRepublic: IBM HashiCorp Acquisition Completed
- Google Search: B2B construction technology
- Dentons: Dentons Advises IGP Medical
- Encyclopedia Britannica: Construction
- IPE: Principal Asset Management Buys German Data Centre
- Google News: Real Estate Services
