Fnac Darty is negotiating to acquire a majority stake in WeFix, the leading express smartphone repair service in France, to enhance its service offerings and expand its retail network.

Target Company Overview

Fnac Darty is currently in exclusive and advanced negotiations to acquire a majority stake in WeFix, the leading express smartphone repair service in France. Established in 2012, WeFix operates a network of 59 retail locations across France and Belgium, providing efficient repair services for all major smartphone models. The average repair time is approximately 20 minutes, with a one-year warranty on all repairs, ensuring the use of original or compatible components. WeFix handles over 12,000 repairs each month and also offers a selection of refurbished smartphones and accessories through vending machines located in train stations.

By joining the Fnac Darty group, WeFix aims to accelerate the expansion of its retail network and establish dedicated corners within Fnac Darty stores, with the objective of doubling its presence within the next two years. This partnership will enable WeFix to enhance its service offerings by integrating those of Fnac Darty.

Industry Overview in France

The express smartphone repair industry in France has witnessed significant growth, driven by the rising demand for quick and reliable repair services. As smartphone usage continues to grow, so does the need for efficient solutions to