Xometry

03 December 2019:

Xometry has acquired Munich-based On-Demand Manufacturing Marketplace Shift.

With this acquisition, Xometry will accelerate its international expansion into 12 new countries, leveraging a worldwide network of over 4,000 manufacturers.

Randy Altschuler, CEO, Xometry, said, “Global expansion is a key step for us. Many of our customers, like BMW and Bosch, have a global presence and we can serve more of their needs with a global network. Our AI-driven algorithms and intelligent sourcing platform give us a competitive advantage as we expand across new geographies and manufacturing technologies.”

Albert Belousov, Shift co-founder and Managing Director of Xometry Europe, said, “We are thrilled to join the Xometry team. Our customers and suppliers will benefit from us joining forces with Xometry.”

Dmitry Kafidov, Shift co-founder and Managing Director of Xometry Europe, said, “We’re eager to leverage Xometry’s technology to continue to scale our business in Europe. We look forward to providing our customers additional manufacturing capabilities, including additive manufacturing and injection molding.”

Shift co-founder and Head of Technology for Xometry Europe Alexander Belskiy, said, “There are huge opportunities in enabling Xometry’s Instant Quote Engine and other product features in the European market.”

(Image – Xometry)

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