Aramis Group SAS (ENXTPA:ARAMI) agreed to acquire Onlinecars Vertriebs Gmbh on June 27, 2022. The transaction is fully financed through an increase in Aramis Group's credit lines with Stellantis. Earnout mechanisms have been put in place accordingly, with a timeframe of the end of the 2024 calendar year. The founder and management team will continue to head up the company in order to successfully implement the integration plan drawn up as agreed with them. Considering the acquisition's provisional timeline, Onlinecars is expected to be consolidated by Aramis Group from the start of its 2022-23 fiscal year. Onlinecars is selling more than 10,000 used vehicles in 2021, with revenues of over €200 million and an EBITDA margin of over 3%. Aramis Group has made a commitment, subject to minor conditions precedent, particularly concerning antitrust aspects, to acquire all of the capital of Onlinecars. Rothschild & Co SCA (ENXTPA:ROTH) acted as financial advisor and Hoche Société d'Avocats acted as legal advisor to Aramis Group SAS (ENXTPA:ARAMI).

Aramis Group SAS (ENXTPA:ARAMI) completed the acquisition of Onlinecars Vertriebs GmbH on October 5, 2022. Under the terms, Aramis Group will pay €27.2 million immediately, followed by an earnout based on the performance for the 2024 calendar year.