Aramis Group - Acquisition of Onlinecars, the Austrian market leader for refurbished vehicle sales - Seite 2

Peter Marolin, Onlinecars founder: “Joining a major listed group, which is itself owned by one of the world’s largest auto manufacturers, marks the start of a fascinating new chapter for Onlinecars. This business combination is founded on a real entrepreneurial compatibility, characterized by a shared vision of our markets' potential, a desire to grow by effectively satisfying our customers, and above all a commitment to sharing and learning each day through the best practices built up by each company. It is with a clear vision for the future that we will be working together, with Nicolas Chartier and Guillaume Paoli, to ensure the quick and successful integration of Onlinecars within Aramis Group with a long-term focus, in order to maximize our potential and contribute to our European ambition”.

Highly complementary operational features around shared ambitions

Following on from Spain, Belgium and the UK, Aramis Group is continuing to move forward with its European expansion by conquering the Austrian market. Anchored in Central Europe, it will enable Aramis Group to ramp up its expansion in this strategic region.

Founded in 2005 by Peter Marolin, Onlinecars has a leading position in Austria for B2C online used car sales. Supported by a solid business model, the company generated more than €200 million of revenues in 2021, combined with a positive EBITDA margin of over 3%. The company is structured around a web platform, a refurbishing center and three customer centers. Its site attracts 150,000 visitors on average each month and the company has more than 80 staff.

The acquisition of Onlinecars will open up a number of operational synergies with Aramis Group and extensive opportunities for sharing experience, as achieved with the Group’s previous acquisitions.

Aramis Group will enable Onlinecars to benefit from its industrial flow management and refurbishing process optimization expertise, as well as its know-how and the tools from its technological and data platform. Alongside this, Onlinecars will help consolidate the major network of suppliers and brands built up by Aramis Group, which represents one of its many competitive advantages.

Lastly, the two companies have highly compatible cultures, with their customer focus and shared ambition for growth. As a reminder, Aramis Group has a proven track record with acquisitions, following the successful integration of Clicars (Spain) in 2017, Cardoen (Belgium) in 2018 and MotorDepot/CarSupermarket (UK) in 2021.