Arkestro Plans European Expansion as EU Spend Rises 93%

Arkestro plans to expand its European presence as demand for its predictive procurement platform grows across Europe, the Middle East and Africa, the company announced in a press release. Nearly $300 million in European spend has moved through the platform, while EU spend increased 93% from the previous year.

European user numbers grew 78% from the previous year, with buyers and suppliers across 34 countries now using the platform. Customers recorded average savings of about 10% across completed European procurement events.

Arkestro combines AI, game theory and negotiation methods to automate parts of procurement. Customer BMI Group uses the platform to standardize procurement work, analyze quotes and shorten negotiations. Arkestro will discuss its European expansion at DPW Amsterdam from September 30 to October 1, 2026.