Huang Quanrong, Dreamstime.com
Xometry Md Promo 61b774b7565f8

Xometry Acquires Thomas.net to Expand Ecommerce

Dec. 13, 2021
The $300 million deal is expected to expand the digital industrial marketplace.

This article appeared in Machine Design and has been published here with permission.

Xometry, which connects traditional machine shops and 3D parts printing in a global online marketplace, has acquired Thomas, a product sourcing, marketing and ecommerce platform built around its Thomasnet.com brand for $300 million.

“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, in a press release. “Thomas brings strong brand equity, trusted and extensive relationships, proprietary data and advanced full-funnel marketing services—assets that perfectly complement our digital marketplace. Together, we will introduce new services, cross-sell to our combined base and expand our suite of products, particularly in fintech and digital marketing.”

“Thomas has a long and proud history of bringing active buyers and sellers together on our Thomasnet.com platform and providing the data and marketing services that inform decision-making,” said Tony Uphoff, president and chief executive officer of Thomas. “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.”

Xometry officials said the acquisition of Thomas “is expected to rapidly expand Xometry’s buyer and seller base, significantly enhancing Xometry’s global digital marketplace for manufacturers. Xometry also expects to leverage Thomas’ marketing and data services to deliver an unmatched suite of end-to-end services for sellers with additional fintech and digital marketing products.”

The Thomasnet.com platform has more than 1.3 million registered users and more than 500,000 commercial and industrial sellers.

Xometry officials said they expect the acquisition to have an immediate impact on their company’s financial outlook. “We expect the deal to accelerate our path to profitability and expect full year profitability in 2023,” officials said in a press release.

Sponsored Recommendations

Ultra-Low Phase Noise MMIC Amplifier, 6 to 18 GHz

July 12, 2024
Mini-Circuits’ LVA-6183PN+ is a wideband, ultra-low phase noise MMIC amplifier perfect for use with low noise signal sources and in sensitive transceiver chains. This model operates...

Turnkey 1 kW Energy Source & HPA

July 12, 2024
Mini-Circuits’ RFS-2G42G51K0+ is a versatile, new generation amplifier with an integrated signal source, usable in a wide range of industrial, scientific, and medical applications...

SMT Passives to 250W

July 12, 2024
Mini-Circuits’ surface-mount stripline couplers and 90° hybrids cover an operational frequency range of DC to 14.5 GHz. Coupler models feature greater than 2 decades of bandwidth...

Transformers in High-Power SiC FET Applications

June 28, 2024
Discover SiC FETs and the Role of Transformers in High-Voltage Applications