On-demand manufacturing company Xometry announced today the acquisition of Thomas, bringing its online buyer/supplier network and insights and analysis tools under the Xometry umbrella. The $300M cash and stock transaction is expected to close this week.
“Thomas brings strong brand equity, trusted and extensive relationships, proprietary data and advanced full-funnel marketing services – assets that perfectly complement our digital marketplace,” says Randy Atlschuler, CEO of Xometry. “Together, we will introduce new services, cross-sell to our combined base and expand our suite of products, particularly in fintech and digital marketing.”
“In joining forces with Xometry, we’re uniting our products with the power of the Xometry marketplace so we can do even more for industry together,” says Tony Uphoff, President and Chief Executive Officer at Thomas.
The acquisition of Thomas, once the Thomas Register of American Manufacturers, a manufacturing mainstay since its founding over 120 years ago, significantly increases Xometry’s footprint in the online sourcing marketplace.
In July 2018, Xometry announced the acquisition of MakeTime, a competitor in the on-demand manufacturing space, increasing Xometry’s national partner network of manufacturers from 1,100 to over 2,300. In March 2020, Altschuler noted that Xometry boasted a network of over 3,000 manufacturers in the U.S., Germany, and China. Thomas currently cites a network of over 500,000 commercial and industrial sellers.