Xometry acquires Thomas in $300m deal

Xometry has introduced the acquisition of Thomas, a number one product sourcing, provider choice and digital advertising and marketing firm.

Thomas brings deep relationships with extremely certified enterprise patrons and engineers, with greater than 1.3 million customers and 500,000 industrial and industrial sellers registered to its platform.

Xometry believes the acquisition – which is valued at $300m and anticipated to shut this week – will quickly broaden its purchaser and vendor base and assist to reinforce its international digital market for producers. It additionally expects Thomas’ advertising and marketing and knowledge providers to ship an ‘unmatched suite of end-to-end providers for sellers with extra fintech and digital advertising and marketing merchandise.’

“Xometry and Thomas share a typical mission of championing the digital transformation of the manufacturing business, one of many largest sectors of the worldwide economic system and the inspiration for innovation all over the place,” commented Randy Altschuler, CEO of Xometry. “Thomas brings sturdy model fairness, trusted and in depth relationships, proprietary knowledge and superior full-funnel advertising and marketing providers – belongings that completely complement our digital market. Collectively, we are going to introduce new providers, cross-sell to our mixed base and broaden our suite of merchandise, significantly in fintech and digital advertising and marketing.”

“Thomas has a protracted and proud historical past of bringing energetic patrons and sellers collectively on our Thomasnet.com platform and offering the info and advertising and marketing providers that inform decision-making,” added Tony Uphoff, President and CEO of Thomas. “In becoming a member of forces with Xometry, we’re uniting our merchandise with the ability of the Xometry market so we are able to do much more for business collectively.”

Need to focus on? Be part of the dialog on the Additive Manufacturing International Group Discord.  

Get your FREE print subscription to TCT Journal.