Automotive agent Aramis Auto continues its European expansion with the acquisition of Austrian used car sales operator OnlineCar.
Following the acquisition of Clicars (Spain) in 2017, Cardoen (Belgium) in 2018 and MotorDepot/CarSupermarket (United Kingdom) in 2021, it is in Austria that Aramis Auto took full control of the Austrian used car dealer. You have set your sights. Online Cars. It generated player (with 150,000 monthly visitors) in online used car sales Operating margin (Ebitda) of over 3% in 2021 and employs 80 people within its web platform, its reconditioning center and its three customer centers.
Inauguration of our second industrial reconstruction site in Saint-Pierre-les-Nemours tomorrow.
Thanks again to all the employees for the tremendous work they have done over the past several months to meet the demands of our customers. #opportunity #rebuild pic.twitter.com/GpAek8qLku
— aramisauto (@aramisauto) 29 June 2022
Stelantis’ hand falls on the wallet
The operation, the amount of which is unknown and which will be fully finalized early next October, will be “fully financed. Increase in credit lines provided by Stelantis“, a majority shareholder (60.56%) of Aramis Auto. This acquisition of a competitor, Whose turnover was 200 million euros in 2021will contribute to “making” Convert Aramis Auto to 2 Billion Euros in Turnover“, estimated the operator in a press release.
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