SOS Accessoire has acquired the IRIS group to enhance its position in the European domestic appliance spare parts market, creating a new entity, Ecoparts, generating combined revenues of €120 million.

Target Information

SOS Accessoire, headquartered in Maurepas, France, is Europe’s leading platform for domestic appliance parts and DIY repair guidance. The company has made a strategic acquisition of the IRIS group, a supplier of spare parts primarily to professional appliance repair technicians. With an impressive revenue of €62 million in 2023, the IRIS group operates across France, Belgium, and Germany, and consists of two key companies: SDS, which is the second-largest provider of domestic appliance parts in France, and Vedelec, the top distributor in Belgium. This acquisition enables the newly formed group, Ecoparts, to generate an annual revenue of €120 million and positions it as a significant player in Europe’s spare parts market.

The acquisition marks a transformative growth opportunity for SOS Accessoire, following 15 consecutive years of 40% annual growth and being recognized in the Financial Times’ Top 100 fastest-growing European companies. The integration aims to expand the company's reach into new markets and enhance its operational capabilities within Europe’s competitive landscape.

Industry Overview

The appliance spare parts industry in Europe is witnessing a significant transformation, driven by the increasing demand for sustainability and repairability in consumer products. As consumers are gradually shifting toward eco-friendly practices, th