Replacement Parts

eBay Acquires the myFitment Group of Corporations to Improve Half and Equipment Itemizing Expertise

The deal brings the myFitment corporations’ confirmed, main know-how in-house to assist prospects improve gross sales, satisfaction

SAN JOSE, Calif., Aug. 23, 2022 /PRNewswire/ — eBay Inc. (Nasdaq: EBAY), a world commerce chief that connects tens of millions of sellers and consumers around the globe, and the myFitment group of corporations (“myFitment”), a frontrunner in delivering the instruments and help to assist on-line automotive and powersports components and equipment sellers thrive, right this moment introduced that eBay has acquired myFitment. myFitment’s know-how and platform supplies highly effective, easy-to-use, and reasonably priced options that assist sellers drive gross sales and keep away from pricey returns. 

This acquisition is a crucial step in rising eBay’s key components and equipment class and advancing its tech-led reimagination by bringing a beneficial, tech-based instrument in-house and making certain continued advantages for eBay sellers and consumers. myFitment’s instruments assist sellers by optimizing fitment knowledge for his or her listings, making certain prospects order the correct components and equipment for his or her car, decreasing returns and rising purchaser satisfaction.  

“eBay is house to greater than half a billion components and equipment globally, starting from model new substitute components to the classic and onerous to search out. As we glance to raise the consumer expertise inside this class, it’s crucial we offer revolutionary instruments to assist customers discover the correct components on the proper worth,” mentioned Chris Prill, VP, eBay Motors. “The mixing of myFitment’s confirmed know-how marks an necessary step in eBay’s tech-led reimagination. Not solely will we optimize the itemizing course of for sellers, however we are going to supply an added layer of confidence for consumers by simplifying how they navigate stock to search out components that match their car.”

“We based myFitment to assist on-line components and accent sellers use know-how to raised join with their prospects, improve their gross sales, and develop their companies,” mentioned Brian Williams, chief working officer, myFitment. “eBay is without doubt one of the main platforms on this planet for folks trying to begin or develop their on-line enterprise, and I can consider no higher associate to assist carry our know-how to extra of the car and motorsport companies and fans now we have served for almost ten years.”

Particulars on the Transaction

eBay has acquired the myFitment group of corporations, which incorporates, amongst others, myFitment, LLC and Illumaware, LLC and the events have signed and closed the deal as of August 23, 2022. Additional particulars weren’t disclosed.

About eBay

eBay Inc. (Nasdaq: EBAY) is a world commerce chief that connects folks and builds communities to create financial alternative for all. Our know-how empowers tens of millions of consumers and sellers in additional than 190 markets around the globe, offering everybody the chance to develop and thrive. Based in 1995 in San Jose, California, eBay is without doubt one of the world’s largest and most vibrant marketplaces for locating nice worth and distinctive choice. In 2021, eBay enabled over $87 billion of gross merchandise quantity. For extra details about the corporate and its international portfolio of on-line manufacturers, go to www.ebayinc.com.

Ahead-Trying Statements

Sure statements herein are “forward-looking statements” inside the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Trade Act. Such forward-looking statements are sometimes recognized by phrases akin to “anticipate,” “approximate,” “imagine,” “commit,” “proceed,” “might,” “estimate,” “count on,” “hope,” “intend,” “might,” “outlook,” “plan,” “challenge,” “potential,” “ought to,” “would,” “will” and different comparable phrases or expressions. Such forward-looking statements replicate eBay’s present expectations or beliefs regarding future occasions and precise occasions might differ materially from historic outcomes or present expectations. The reader is cautioned to not place undue reliance on these forward-looking statements, which aren’t a assure of future efficiency and are topic to various uncertainties, dangers, assumptions and different elements, a lot of that are exterior the management of eBay. The forward-looking statements on this doc tackle a wide range of topics together with, for instance, the potential advantages of the acquisition, together with sustaining eBay’s place within the collectibles class and bringing new audiences to the NFT market. The next elements, amongst others, might trigger precise outcomes to vary materially from these described in these forward-looking statements: the chance that eBay might not totally notice the projected advantages of the acquisition and enterprise disruption following the transaction. As well as, precise outcomes are topic to different dangers and uncertainties that relate extra broadly to eBay’s general enterprise, together with these extra totally described in eBay’s filings with the Securities and Trade Fee, together with its annual report on Type 10-Ok for the fiscal yr ended December 31, 2021 and subsequent quarterly studies on Type 10-Q. The forward-looking statements on this doc communicate solely as of this date. We undertake no obligation to revise or replace publicly any forward-looking assertion, besides as required by legislation.

SOURCE eBay Inc.

eBay Acquires the myFitment Group of Corporations to Improve Half and Equipment Itemizing Expertise

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