The deal brings the myFitment companies'
proven, leading technology in-house to help customers increase
JOSE, Calif., Aug. 23,
2022 /PRNewswire/ -- eBay Inc. (Nasdaq: EBAY), a
global commerce leader that connects millions of sellers and buyers
around the world, and the myFitment group of companies
("myFitment"), a leader in delivering the tools and support to help
online automotive and powersports parts and accessories sellers
thrive, today announced that eBay has acquired myFitment.
myFitment's technology and platform provides powerful, easy-to-use,
and affordable solutions that help sellers drive sales and avoid
This acquisition is an important step in growing eBay's key
parts and accessories category and advancing its tech-led
reimagination by bringing a valuable, tech-based tool in-house and
ensuring continued benefits for eBay sellers and buyers.
myFitment's tools help sellers by optimizing fitment data for their
listings, ensuring customers order the right parts and accessories
for their vehicle, reducing returns and increasing buyer
"eBay is home to more than half a billion parts and accessories
globally, ranging from brand new replacement parts to the vintage
and hard to find. As we look to elevate the user experience within
this category, it is critical we provide innovative tools to help
shoppers find the right parts at the right price," said
Chris Prill, VP, eBay Motors. "The
integration of myFitment's proven technology marks an important
step in eBay's tech-led reimagination. Not only will we optimize
the listing process for sellers, but we will offer an added layer
of confidence for buyers by simplifying how they navigate inventory
to find parts that fit their vehicle."
"We founded myFitment to help online parts and accessory sellers
use technology to better connect with their customers, increase
their sales, and grow their businesses," said Brian Williams, chief operating officer,
myFitment. "eBay is one of the leading platforms in the world for
people looking to start or grow their online business, and I can
think of no better partner to help bring our technology to more of
the vehicle and motorsport businesses and enthusiasts we have
served for nearly ten years."
Details on the
eBay has acquired the myFitment group of companies, which
includes, among others, myFitment, LLC and Illumaware, LLC and the
parties have signed and closed the deal as of August 23, 2022. Further details were not
eBay Inc. (Nasdaq: EBAY) is a global commerce leader that
connects people and builds communities to create economic
opportunity for all. Our technology empowers millions of buyers and
sellers in more than 190 markets around the world, providing
everyone the opportunity to grow and thrive. Founded in 1995 in
San Jose, California, eBay is one
of the world's largest and most vibrant marketplaces for
discovering great value and unique selection. In 2021, eBay enabled
over $87 billion of gross merchandise
volume. For more information about the company and its global
portfolio of online brands, visit www.ebayinc.com.
Certain statements herein are "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Exchange Act. Such forward-looking
statements are often identified by words such as "anticipate,"
"approximate," "believe," "commit," "continue," "could,"
"estimate," "expect," "hope," "intend," "may," "outlook," "plan,"
"project," "potential," "should," "would," "will" and other similar
words or expressions. Such forward-looking statements reflect
eBay's current expectations or beliefs concerning future events and
actual events may differ materially from historical results or
current expectations. The reader is cautioned not to place undue
reliance on these forward-looking statements, which are not a
guarantee of future performance and are subject to a number of
uncertainties, risks, assumptions and other factors, many of which
are outside the control of eBay. The forward-looking statements in
this document address a variety of subjects including, for example,
the potential benefits of the acquisition, including maintaining
eBay's position in the collectibles category and bringing new
audiences to the NFT market. The following factors, among others,
could cause actual results to differ materially from those
described in these forward-looking statements: the possibility that
eBay may not fully realize the projected benefits of the
acquisition and business disruption following the transaction. In
addition, actual results are subject to other risks and
uncertainties that relate more broadly to eBay's overall business,
including those more fully described in eBay's filings with the
Securities and Exchange Commission, including its annual report on
Form 10-K for the fiscal year ended December
31, 2021 and subsequent quarterly reports on Form 10-Q. The
forward-looking statements in this document speak only as of this
date. We undertake no obligation to revise or update publicly any
forward-looking statement, except as required by law.
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SOURCE eBay Inc.