Parts Holding Europe and the OSCARO Group announce their merger to form a European omni-channel leader in the distribution of spare parts for light and heavy vehicles in both the “B to B” and “B to C” customer segments.
Paris, 13 November, 2018 – The OSCARO Group is the French leader in online sales of automotive spare parts. It currently has more than 8 million customers and a turnover that has increased tenfold in ten years, reaching €320 million in 2017. Its alliance with Parts Holding Europe, a solid and ambitious partner with a turnover of more than €1.3 billion in 2017, will enable them to create a European omni-channel leader together, across all professional and non-professional customer segments and in a complementary and durable way.
By gaining an 82.5% shareholding (after holding an initial stake of 4.95%), DIGITAL AUTO PARTS HOLDING, a digital subsidiary of Parts Holding Europe, through its investment in the OSCARO Group, is now able to fulfil its potential and share it with this pioneering and iconic brand in online sales, which is so highly-regarded among French consumers.
Following the process, Pierre-Noël LUIGGI, founder of the OSCARO Group, will retain a share of up to 17.5% through his company Indenoï and will sit on the Oscaro board.
Parts Holding Europe 13.11.2019
Autodis S.A. announces its change of name to Parts Europe S.A. Paris, France, November 22, 2018.