SOS Accessoire, has tripled in size by acquiring SDS Vedelec, becoming one of Europe’s leaders in the sector

Maurepas (78), February 2025 – SOS Accessoire, Europe’s leading platform for domestic appliance parts and DIY repair guidance, has acquired the IRIS group, which specialises in supplying spare parts to professional appliance repair technicians.

With €62 million in revenue in 2023, the IRIS group, operating in France, Belgium and Germany, comprises two companies: SDS, the second-largest player in domestic appliance parts in France , based near Bordeaux, and Vedelec, the leading spare parts distributor in Belgium .
The newly formed group, Ecoparts, now employs nearly 300 people and generates annual revenue of €120 million, establishing itself as one of Europe’s leading players in the spare parts industry.

Following 15 years of consistent 40% annual growth and recognition in the Financial Times’ Top 100 fastest-growing European companies, SOS Accessoire has expanded its reach through this strategic acquisition. The deal positions the group to enter new markets and bolster its European operations.
Olivier de Montlivault, President and Founder of SOS Accessoire, said: “This acquisition reflects our ambition to strengthen our position in the B2C and B2B distribution of appliance spare parts and create new synergies to accelerate our international development.”

This acquisition was managed with the support of the advisory firm Transaction R&Co (Rothschild & Co) and the company’s longstanding shareholders, including Starquest, Quadia (through Regenero Impact Fund), and ETF Partners. New investors, such as SWEN Capital Partners, Amundi Private Equity Transition Juste, and Trocadero Capital Partners, have also joined. The transaction, with a total investment of €50 million, was further supported by LCL Aquitaine financing.

He added, “The merger with the IRIS group was a natural step due to the complementary B2B expertise of SDS and Vedelec with SOS Accessoire’s B2C focus. The creation of this new group offers an exceptional opportunity to share know-how and expand opportunities in the European market.”

As a champion of the circular economy, SOS Accessoire will use this backing to drive growth while helping reduce carbon emissions through extended appliance lifespans.
The company has also recently acquired the Dragon group, France’s second-largest online spare parts retailer for consumers, which has a strong presence across major marketplaces including Amazon, Cdiscount and ManoMano.

These acquisitions mark a turning point for SOS Accessoire, strengthening its mission to make appliance repair mainstream and support a more sustainable economy.

Supporting Quotes:
• Victorien Salle, Investment Director at SWEN CP:
“We are delighted to support SOS Accessoire in the acquisition of SDS-Vedelec, which aligns perfectly with the group’s profitability and sustainable value creation goals. These acquisitions demonstrate the group’s ability to execute its external growth strategy, strengthen its market position, and accelerate its transformation into one of Europe’s market leaders, contributing to a more sustainable economy.”
• Emmanuel Gaudé, Co-founder of Starquest:
“Starquest has supported SOS Accessoire for nearly 10 years and remains a key shareholder in this major step for the company. This reflects our confidence in the founder’s vision and the team’s ability to lead the European transformation of this sector, both in B2B and B2C.”
• Remy de Tonnac, Partner at ETF Partners:
“ETF Partners champions SOS Accessoire’s commitment to tackling the throwaway culture and driving responsible consumption across Europe.
Since its inception, SOS Accessoire has enabled the repair of more than 1.5 million appliances, preventing nearly 1 million tonnes of CO2e emissions. This significant achievement has diverted thousands of tonnes of waste from landfills, demonstrating the tangible environmental impact of extending product lifespans.”

About SOS Accessoire:
Founded in 2008, SOS Accessoire is France and Europe’s leader in DIY appliance repair, offering spare parts and services to consumers. The company, headquartered in the Yvelines (78), has seen double-digit annual growth for over a decade.

About SWEN Capital Partners:
SWEN CP is a leading responsible investor in private equity, infrastructure, and mezzanine debt, with €8.3 billion under management. It focuses on sustainable finance and became a Mission-Driven Company in 2023.

About ETF Partners
Founded in 2005, ETF Partners (The Environmental Technologies Fund) is Europe’s original venture capital firm dedicated to sustainability and impact investing. For nearly twenty years, we have established a leading position in promoting sustainability through innovation.

ETF Partners is founded on the conviction that entrepreneurship and innovation are critical in addressing the global challenges presented by the climate crisis. We are committed to fostering and supporting Europe’s ecosystem of pioneering entrepreneurs who are creating the innovative solutions capable of making a profound environmental impact.

We believe in the transformative power of aligning profit with purpose in order to build a more sustainable future. For additional information about our investment thesis and approach, please visit our website at https://etfpartners.capital

About Trocadero Capital Partners, Amundi, Quadia, and Starquest:
Each of these investment partners specializes in sustainable, impact-driven finance, with a strong focus on supporting the transition to a circular, low-carbon economy.