The international trading and services group Otto Group, headquartered in Hamburg, is the majority shareholder of Medgate Holding AG. Founded in Germany in 1949, the Otto Group today employs around 50,000 people in 30 business groups and more than 30 countries in Europe, North and South America as well as Asia. Its business activities cover the three segments multichannel retail, financial solutions and services. In the financial year 2020/21, the Otto Group generated revenues of 15.6 billion euros. With online revenues of around 9.9 billion euros, it is one of the world's largest online retailers. A large number of strategic partnerships and joint ventures provide the Otto Group with excellent conditions for know-how transfer and the exploitation of synergy potential.