Xometry, the marketplace for On-Demand manufacturing, announced the acquisition of Munich-based Shift, the On-Demand manufacturing marketplace in Europe. Through the acquisition, Xometry will accelerate its international expansion into 12 new countries, leveraging a worldwide network of over 4,000 manufacturers.
Shift has built the On-Demand manufacturing network in Europe and a customer base that includes some of the manufacturing companies in Europe. Shift will operate as Xometry Europe and continue to be headquartered in Munich, Germany.
Xometry has raised USD118 M since it was founded in 2013. Over the past two years, the company has grown from 100 employees to over 300 while more than doubling revenue each year.