Aramis Group - Acquisition of Onlinecars, the Austrian market leader for refurbished vehicle sales

PRESS RELEASE

Arcueil, June 27, 2022

Aramis Group announces its acquisition of Onlinecars,
the Austrian market leader for refurbished vehicle sales

• Austria’s leading independent distributor, selling more than 10,000 used vehicles in 2021, with revenues of over €200 million and an EBITDA margin of over 3%
• Highly complementary strategic and operational features with Aramis Group, thanks in particular to Onlinecars’ dense sourcing network for German brand vehicles and its refurbishing center
• Similar entrepreneurial culture, focused on satisfying customers’ needs and building employee engagement to help drive strong and sustainable growth
• Operation entirely financed through an increase in the credit lines made available to Aramis Group by Stellantis, which is continuing to provide strong support for the Group’s development
• Acquisition that will further strengthen the strategy for market consolidation and acceleration on the B2C refurbished car sales segment announced at the time of the IPO, with the new combined structure to achieve full-year revenues of close to €2 billion pro forma in 2022
  
  

Aramis Group [Ticker: ARAMI – ISIN: FR0014003U94], European leader for B2C online used car sales, operating the Aramisauto, Cardoen, Clicars and CarSupermarket brands in France, Belgium, Spain and the UK respectively, is announcing its acquisition of Onlinecars, the Austrian market leader for refurbished used vehicle sales.

Nicolas Chartier and Guillaume Paoli, co-founders¹ of Aramis Group: “In line with the strategy presented at the time of its IPO, Aramis Group is moving forward with its international expansion through a commitment to acquire Onlinecars, the market leader for refurbished vehicle sales in Austria. There will be synergies on a number of levels between the companies, with this operation helping in particular further extend the selection of vehicles offered by Aramis Group. We would like to welcome on board Onlinecars’ teams, its founder Peter Marolin and its co-director Thomas Lang, who we have known for a long time and who we share the same passion with for the automotive sector and the same outstanding customer focus. With this operation, Aramis Group is consolidating its leading position in Europe and taking a further step towards achieving its ambition to become Europe’s preferred platform for buying used cars online.”