Xometry (NASDAQ: XMTR), a global marketplace for on-demand manufacturing, has acquired Thomas, a provider of product sourcing, supplier selection and digital marketing services. The transaction is valued at $300 million.
The deal will expand Xometry’s buyer and seller base and enhance its digital marketplace for manufacturers. Xometry connects enterprise buyers across a range of industries including aerospace, defense, automotive and more with sellers of custom-manufactured parts worldwide.
Thomas’ platform brings 1.3 million registered users and over half a million commercial and industrial sellers. The platform generates extensive first-party buyer intent data across different sectors.
“Xometry and Thomas share a common mission of championing the digital transformation of the manufacturing industry, one of the largest sectors of the global economy and the foundation for innovation everywhere,” said Randy Altschuler, CEO of Xometry. “Thomas brings strong brand equity, trusted and extensive relationships, proprietary data and advanced full-funnel marketing services – assets that perfectly complement our digital marketplace.”
Goldman Sachs & Co. LLC acted as the financial advisor and BakerHostetler acted as the legal advisor to Xometry. DC Advisory US acted as the financial advisor and Winston & Strawn LLP as the legal advisor to Thomas.