Aramis acquires Cazoo’s Italian business
Aramis Group, the French online used-car trader, has acquired Cazoo’s business in Italy (pictured: traffic past Rome's Coliseum). It’s the company’s first foray onto the Italian market. The deal was finalized on 1 November. The amount involved has not been disclosed.
As recently as January of this year, Cazoo bought Brumbrum.it, an Italian online vehicle remarketer. The company sells about 1,600 used vehicles on a yearly basis, which represents a turnover of about €30 million.
The trading name ‘Brumbrum’ was maintained by Cazoo, and will also be continued by Aramis, a subsidiary of the Stellantis Group. It should be noted that Stellantis plans to redevelop part of Fiat’s former Mirafiori plant near Turin into a facility to recondition used cars – which Aramis, via Brumbrum, could use to its advantage.
Cazoo is the UK-based remarketer who recently decided to retreat from continental Europe to concentrate on its home market. It remains to be seen how its departure from the French, German and Spanish markets will be handled.