Olympia Group
Olympia Group is a Greek multinational investment holding company founded in 1980, operating four core portfolio companies — Public Group (retail), Sunlight Group (industrial batteries and energy storage), Westnet (IT distribution), and SoftOne Group (ERP/cloud software) — across 8+ countries with 1,001–5,000 employees.
- Company typePrivate
- Founded1980
- HeadquartersKifissia, Greece
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Olympia Group does
Olympia Group is a privately held Greek multinational investment holding company founded in 1980 by Panos Germanos and headquartered in Kifissia, Athens. It operates as a diversified holding across four core portfolio verticals — retail (Public Group), industrial batteries and energy storage (Sunlight Group), IT and consumer product distribution (Westnet), and enterprise software (SoftOne Group) — with active operating geographies spanning at least 11 countries including Greece, Cyprus, Switzerland, Italy, Germany, Spain, Portugal, Poland, Romania, Bulgaria, and the UK. The group's revenue mechanics are heterogeneous by portfolio company: Public Group generates consumer retail and e-commerce revenue across 60+ physical stores and the public.gr platform; SoftOne monetizes via subscription-based ERP, CRM, cloud, and e-invoicing software through a 600+ partner channel reaching 47,000+ businesses; Sunlight sells industrial batteries and energy storage systems directly to enterprise customers with 9 GWh of lead-acid production capacity and a growing lithium-ion footprint; and Westnet earns distribution margins on 40+ technology brands including Toshiba and HPE.
The group's technology stack spans multiple platform layers. SoftOne operates one of the earliest European cloud-native ERP platforms with 4,500+ SaaS installations and processes 87% of Greek electronic invoices via its myDATA-integrated IMPACT network connecting 350,000+ companies. Public Group runs an integrated omnichannel stack combining public.gr e-commerce (#1 Greek online traffic), MediaMarkt co-branded stores, Klarna BNPL, OmniRetail Express Pickup (100,000 SKUs in 60 minutes), BOX NOW 1,200+ locker pickup, and SVUUM hand-to-hand delivery covering 75% of Greek urban population. Sunlight Group operates 15 factories and 5 R&D centers with a Komotini lead recycling facility (50,000 tonnes/year, expanding to 100,000), a Xanthi lithium-ion pilot, a €100M Kilkis energy storage R&D unit, and the ReLiFe lithium battery recycling program. Olympia itself is governed as a holding entity with offices in Athens, Limassol (Cyprus), and Zug (Switzerland), and deploys capital via its PCP investment vehicle for minority ecosystem bets.
Olympia Group firmographics
Firmographics- Name
- Olympia Group
- Legal name
- OLYMPIA GROUP SINGLE MEMBER HOLDING Co. S.A.
- Website
- https://www.groupolympia.com/
- Company type
- Private
- Founded year
- 1980
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Olympia Group is a Greek multinational investment holding company founded in 1980, operating four core portfolio companies — Public Group (retail), Sunlight Group (industrial batteries and energy storage), Westnet (IT distribution), and SoftOne Group (ERP/cloud software) — across 8+ countries with 1,001–5,000 employees.
- Ownership category
- akta.pro rank
Olympia Group industry classification
Industry- Product category
- Diversified Investment Holding
- NAICS
- Offices of Other Holding Companies (551112), Management of Companies and Enterprises (551)
- SIC
- Non-Operating Establishments (9995)
- akta.pro primary industry
- Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest) (FSAAADAH)
Keywords
Where Olympia Group is headquartered
LocationHeadquarters
- HQ city
- Kifissia
- HQ country
- Greece
- HQ region
- Europe
Offices7 records
Markets served
Olympia Group business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Investment Holding Returns: Olympia Group operates as an international investment group generating returns through its portfolio of companies across multiple sectors including retail, technology, energy, and distribution
- Retail Sales (Public Group): Physical and online retail sales of technology products, entertainment, and home appliances through Public and MediaMarkt partnership stores in Greece and Cyprus
- Enterprise Software (SoftOne): Subscription-based ERP, CRM, Cloud & Mobility solutions, and professional accounting software services to 47,000+ businesses through 600 partner network across 5 European countries
- Industrial Batteries & Energy Storage (Sunlight): Sale of industrial batteries for intralogistics (forklift, warehouse vehicles), maritime applications, and energy storage systems for renewable integration, with production capacity of 9 GWh for lead-acid and expanding lithium-ion capabilities
- Distribution & Trading (Westnet): Distribution of IT products, batteries, LED lighting, and climate appliances through exclusive brand partnerships serving Greece, Cyprus, Poland with exports to 60+ countries
Go-to-market motion5 records
Distribution channels5 records
Marketing channels5 records
Olympia Group product offering
Product offeringCore offering
Olympia Group is a private multinational investment holding company that owns and operates portfolio businesses across four core sectors: consumer retail and omnichannel commerce (Public Group), industrial energy storage systems and batteries (Sunlight Group), IT and consumer goods distribution (Westnet), and enterprise business software including ERP, CRM, cloud, and e-invoicing (SoftOne Group). The holding company invests capital, provides strategic direction, and leverages synergies across portfolio companies operating in eight countries.
Differentiator
Problem solved
Functional benefit
Products and services
- Public Group (Retail & Omnichannel Commerce)
Quantifiable outcome
- 87% of electronic invoices in Greek market processed through SoftOne network (AADE data)
- +3 more outcomes
Companies that use Olympia Group
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
Olympia Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
Feature5 records
Olympia Group partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered minor and core.
- ΑΦΗΣ (AFIS)minorPartnership with battery recycling nonprofit organization for Heavy Metal battery recycling competition in Public stores
- Public GroupcorePublic Group operates as portfolio company of Olympia Group, providing retail ecosystem with Public.gr, 60+ stores, and omnichannel capabilities
- LogbatindminorSunlight Group acquired 65% of Logbatind, Portuguese battery company, establishing stronger presence in Iberian market alongside Sunlight Baterías España
- MediaMarktcorePublic Group and MediaMarkt partnership in Greece for home appliances and consumer electronics, combining 20 years MediaMarkt experience with 18 years Public expertise in 13 stores
- SVUUMminorOlympia Group invested in SVUUM through Public Capital Partners, supporting the most customer-centric Hand to Hand Delivery service in Greece with 75% population coverage
- The BoardroomminorOlympia Group supports The Boardroom initiatives in Greece for women's leadership development, with Executive Chairman and Board member participating in Advisory Board
- The Female QuotientminorOlympia Group participates in Equality Lounge at World Economic Forum, advancing gender equality in business leadership
- BOX NOWminorBOX NOW operates 1,200 lockers serving 200,000 customers and 400 e-shops, with Olympia acquiring minority stake to support last mile delivery ecosystem
- Sunlight European Battery Assembly (SEBA)minorSunlight Group completed full acquisition of SEBA from BMG Energy, strengthening presence in Italy and European battery assembly
- cosmoONEminorSoftOne acquired 61.73% of cosmoONE from OTE Group, adding B2B e-procurement and e-auction platform to portfolio
- IMPACTcoreSoftOne acquired 100% of IMPACT, creating largest e-invoicing and EDI provider in Greece with 45M+ invoices processed and 350,000+ companies connected
- KlarnacorePublic Group partnership with Klarna for Buy Now Pay Later service, first in Greek e-commerce allowing 3 interest-free payments without credit card through debit card
- A. Müller GmbHminorSunlight Group acquired 51% of German battery company A. Müller GmbH, strengthening sales and service network in Germany, Netherlands, Denmark, Luxembourg, and UK
- Hewlett Packard Enterprise (HPE)coreWestnet Top Distributor for HPE in Greece and Cyprus 2021, distributing servers, storage, and hybrid IT solutions
- SoftOnecoreOlympia Group acquired 33.34% of SoftOne in June 2016, becoming majority shareholder. SoftOne operates as leading business software group with ERP, CRM, cloud services, and e-invoicing
- ToshibacoreWestnet exclusive distributor for Toshiba consumer batteries and LED lighting across 60+ countries in Europe, Middle East, and Africa
Scale indicators17 records
Recent moves7 records
Expansion highlights6 records
Olympia Group competitors and assessment
Company assessmentBroad incumbents
- Kinnevik: Swedish family-led investment company with holdings in telecoms, media, e-commerce, and financial services. Comparable diversified investment holding with family control, though focused more on growth-stage tech investments than operating industrial businesses.
- SAP SE: Global enterprise software leader with ERP, CRM, and cloud solutions. Comparable as a competitor/incumbent in the same ERP and cloud business software space where SoftOne operates, particularly relevant for SoftOne's expansion beyond Greece into Bulgaria, Romania, and UK.
- Investor AB: Swedish listed investment company owning controlling stakes in listed and unlisted businesses across industrials, healthcare, and financial services. Comparable diversified holding model with multi-decade capital deployment approach, though larger and with broader portfolio scope.
Direct peers
- Exor: European diversified holding company controlled by the Agnelli family with controlling stakes in Ferrari, Stellantis, Juventus, and The Economist. Comparable as a family-controlled, long-horizon holding that compounds value through direct investments in operating businesses across multiple industries.
- MediaMarktSaturn Retail Group: Europe's largest consumer electronics retailer with 1,000+ stores across Europe. Direct strategic partner of Public Group in Greece, and comparable as a consumer electronics omnichannel retailer with similar physical-and-online footprint strategy.
- Viohalco: Belgian-Greek industrial holding with copper, aluminum, steel, and energy operations. Comparable as a Greek-rooted multinational holding company with industrial and energy operations, though with a stronger base-metals focus versus Olympia's diversified retail/tech/energy mix.
- EnerSys: Global leader in industrial batteries with focus on motive power (forklifts/intralogistics), reserve power, and aerospace/defense applications. Most direct comparable to Sunlight Group's industrial battery business, including similar Dutch Ministry of Defense style defense contracts.
- Sonae: Portuguese multinational holding company operating across retail (Sonae MC/Marca Continente), telecom (NOS), and technology/software (Sonae IM/tech). Most structurally comparable peer to Olympia Group given its diversified portfolio spanning retail, software, and services across Iberia.
- Indutrade: Swedish listed industrial holding company acquiring and operating niche industrial technology businesses. Comparable as a decentralized holding model with operating subsidiaries in batteries, energy, and industrial markets, though with stronger focus on B2B industrial rather than consumer/retail.
Regional players
- Hellenic Telecommunications Organization (OTE): Greek-headquartered telecom and technology group with operations across Southeast Europe. Comparable as a Greek-rooted multinational with diversified technology-adjacent businesses; previously owned cosmoONE (now majority-owned by Olympia/SoftOne).
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Olympia Group social profiles
Digital presenceOlympia Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Olympia Group leadership team
Management profileNumber of profiles
Profiles3 records
Olympia Group subsidiaries and ownership
Company hierarchySubsidiaries13 records
Olympia Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Olympia Group M&A and investment
M&A and investmentM&A2 records
Investments6 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Olympia Group
What does Olympia Group do?
Olympia Group is a private multinational investment holding company that owns and operates portfolio businesses across four core sectors: consumer retail and omnichannel commerce (Public Group), industrial energy storage systems and batteries (Sunlight Group), IT and consumer goods distribution (Westnet), and enterprise business software including ERP, CRM, cloud, and e-invoicing (SoftOne Group). The holding company invests capital, provides strategic direction, and leverages synergies across portfolio companies operating in eight countries.
Is Olympia Group a public or private company?
Olympia Group is a private company. It is classified as family owned and is currently operating.
When was Olympia Group founded?
Olympia Group was founded in 1980. It employs 1,001 to 5,000 people.
Where is Olympia Group based?
Olympia Group is headquartered in Kifissia, Greece, in the Europe region.
How does Olympia Group make money?
Five revenue lines are on record. Investment Holding Returns are the primary driver. The others are retail Sales (Public Group), enterprise Software (SoftOne), industrial Batteries & Energy Storage (Sunlight) and distribution & Trading (Westnet).
Who are Olympia Group's main competitors?
Broad incumbents on record are Kinnevik, SAP SE and Investor AB. Direct peers are Exor, MediaMarktSaturn Retail Group, Viohalco, EnerSys, Sonae and Indutrade. Hellenic Telecommunications Organization (OTE) is listed as a regional player.
Does Olympia Group have an API?
No public API is recorded for Olympia Group.
What industry is Olympia Group in?
Olympia Group's product category is Diversified Investment Holding. Its primary akta.pro industry code is FSAAADAH, Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest). Its NAICS code is 551112 and its SIC code is 9995.