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

Shortly after its launch, the Stuttgart-based e-commerce platform econvy announces the successful acquisition of two major companies: 3S GmbH & Co. KG, based in Cologne, and SolRide Inc. in Miami/USA. This strategic milestone strengthens the young company’s position as an up-and-coming investor in the e-commerce sector right from the start.

econvy is more than a pure e-commerce platform. econvy is a dynamic ecosystem that specializes in the development, expansion and growth of relevant direct-to-consumer (D2C) brands. The defined goal is to develop econvy into the top platform for fast-growing D2C brands in Europe and the USA. The focus is on developing high-quality brands and efficient processes in order 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 coupled with operational excellence form the solid basis of the company.

Strategic acquisitions

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

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

econvy is starting 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 tools they need to successfully develop internationally and stand out from the competition. I’m looking forward to embarking on a new chapter together with the econvy Group,” says Sven Kraft, founder of 3 S GmbH & Co KG in Cologne. As an important shareholder of econvy Holding, he will continue to advise the Group.

About econvy:

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 enhancement, 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 offices in Stuttgart, Cologne and Miami, econvy’s innovative business model has an international focus and serves both the European and US markets. The company generates a turnover of around EUR 20 million per year.

www.econvy.com

For further information about econvy, please contact the team at info@econvy.com or +49 711 2529 8540.