Xometry Acquires Thomas

Xometry (Rockville, Md.) has acquired Thomas for $300 million, pairing two online marketplaces and directories of advanced manufacturing, with a goal of monetizing the buying and selling of services like injection molding, 3D printing, CNC machining and more. Xometry provides a digital marketplace with real-time access to manufacturing capacity and demand. In a release the company said acquiring Thomas will expand its buyer and seller base, and give it the chance to leverage Thomas’s marketing and data services, which are utilized by manufacturers to help drive business.

In a call with investors, Xometry executives said the combined companies will create a two-sided marketplace bringing together buyers and sellers of custom manufactured parts through a transparent, online experience. For buyers, the platform will provide immediate pricing, delivery times, and quality assurance in a highly fragmented market. For sellers, Xometry will offer “access to buyers and a growing basket of seller services to help manufacturers more efficiently run their businesses.”

Xometry had 26,187 active buyers in the third quarter—up 61% year over year—and 1410 active sellers in 2020, up 82% from 2019. Thomas has 1.3 million registered users in North America and 500,000 sellers. Xometry said Thomas has more than 20 million sourcing sessions across 70,000 industrial categories, with more than 6 million unique products. The platform hosts 2 million sourcing sessions/month.

Founded in 2013, Xometry expanded into Europe in 2019. From September 2018 to September 2021, Thomas’s user base grew from 735,000 to 1.378 million, expanding at an annual average rate of 23%. The $300 million purchase price included $198.5 million in cash and $101.5 in common stock.