Autostals

Autostals is an online store of spare parts and accessories.

History

2024: Severgroup bought 19.91% of Avtostals

The investment division of Severgroup Alexei Mordashov acquired a 19.91% stake in Avtostels, which manages the platform for buying spare parts for foreign cars. The transaction, registered in the Unified State Register of Legal Entities (Unified State Register of Legal Entities), was carried out in September 2024 and reflects the growing interest of large investors in the auto goods market in Russia.

According to Kommersant, Avtostels is a major player in the auto parts market, processing up to 50 thousand orders daily. The company cooperates with 1.2 thousand suppliers from Russia, Europe, Asia and the UAE, offering spare parts for popular foreign brands, including Renault, Volkswagen, Skoda, Audi, Mazda, Infiniti and BMW.

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Freepik

Severgroup representatives said that this investment is in line with the company's strategy of acquiring minority shares and participating in further comprehensive business development. They estimate the volume of the Russian auto goods market at about ₽5 trillion, which indicates significant growth potential in this sector.

One of the shareholders of Avtostals Denis Sobe-Panek said that the funds raised will be used to develop the logistics and IT infrastructure of the company, as well as to create a stock of highly liquid auto parts. This will expand the presence of Avtostals in the most marginal market segments and scale the business on marketplaces.

Experts note that the deal may be part of Autostals' strategy to consolidate the market and prepare for a possible IPO in the future. Peregrine Capital Managing Director Dmitry Gabyshev suggests that the IPO of a large company in this sector could be implemented in the future for three to five years.

The auto parts market in Russia is showing steady growth. According to forecasts of Dmitry Babansky from SBS Consulting, in 2024 it is expected to increase the auto parts market by 10-15%. This is facilitated by a number of factors, including an increase in the period of ownership of cars and an increase in the share of Chinese brands in the Russian fleet.^[1]

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