E-Commerce platform econvy is strengthening its market position through strategic acquisitions in Germany and the USA

E-Commerce platform econvy is strengthening its market position through strategic acquisitions in Germany and the USA

• econvy massively expands e-commerce reach
• Acquisition of 3 S GmbH & Co KG in Cologne and SolRide Inc. in Miami/USA

Stuttgart, November 15, 2023 Shortly after its launch, the Stuttgart-based e-commerce platform econvy announced the successful acquisition of two important companies: 3 S GmbH & Co. KG, based in Cologne, and SolRide Inc. in Miami/USA.

This strategic milestone solidifies the young company’s position as an aspiring investor in the e-commerce sector right from the start.

econvy is more than just an e-commerce platform. econvy is a dynamic ecosystem that specializes in the development, expansion and growth of relevant direct-to-consumer brands (D2C).

The defined goal is to develop econvy into the leading platform for fast-growing D2C brands in Europe and the USA. The focus is on developing high-quality brands and efficient processes to offer the products internationally in the best open and closed marketplaces. Years of experience in e-commerce, good access to capital and high technical standards paired with operational excellence form the solid company foundation.

Strategic acquisitions

The econvy family is launching with two fast-growing and profitable companies:

3 S GmbH & Co KG from Cologne, which, in addition to established brands such as Apollo, Ocean 5 and Pink Papaya Toys, also has many years of experience in e-commerce, as well as SolRide Inc. from Miami, which opens the door to the high-growth US market opens. The company’s strong presence ensures European brands the opportunity to present themselves to a wide audience and reach new target groups.

The two acquisitions are evidence of the Stuttgart-based e-commerce company’s planned global growth. Another guarantee of success is the cooperation between Finexx GmbH Unternehmens Beteiligungen and the consulting firm FOSTEC & Company as a strategic partner. It forms a symbiosis of many years of experience in private equity and first-class e-commerce know-how, which econvy can rely on.

econvy begins its business with a clear focus on organic growth, coupled with a focused acquisition strategy for further acquisitions. The optimized use of software and an excellent team form a solid starting point. “Here, new D2C brands benefit from all the necessary tools to successfully develop internationally and stand out from the competition. I’m looking forward to embarking on a new chapter with the econvy group,” says Sven Kraft, founder of 3 S GmbH & Co KG in Cologne. As an important shareholder in econvy Holding, he will continue to advise the group. Till Andernach and Thomas Mehlitz, founders of SolRide Inc. and current shareholders of econvy Holding, remain managing directors of SolRide and are responsible as a team for the growth of the platform in the USA.

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About econvy Holding GmbH

econvy Holding GmbH is a pioneering global e-commerce platform for fast-growing direct-to-consumer (D2C) brands. With a strategic focus on growing product categories, maximum customer satisfaction and long-term value creation, the company enriches the e-commerce environment. econvy buys and develops leading D2C brands and distributes them via relevant e-commerce channels using a multi-channel approach. With locations in Stuttgart, Cologne and Miami, econvy orients its innovative business model internationally and serves both the European and US markets. The company generates around EUR 20 million in sales per year. Thanks to the support of Finexx corporate investments and Fostec & Company strategy consulting, econvy has both many years of expertise in e-commerce and in-depth know-how in private equity. www.econvy.com

Press Contact:

econvy Holding GmbH
Bolzstraße 3
70173 Stuttgart
Phone: +49 (0)711 252985-40
Fax: +49 (0)711 252985-51
info@econvy.com