Brief: Xometry Acquires Thomas, Accelerating The Manufacturing Industry's Digital Transformation

Xometry

08/12/2021 12:38

Dec 8 (Reuters) - Xometry Inc  XMTR.O :
    * XOMETRY ACQUIRES THOMAS, ACCELERATING THE MANUFACTURING
INDUSTRY’S DIGITAL TRANSFORMATION
    * XOMETRY INC - DEAL FOR $300 MILLION
    * XOMETRY INC - ACQUISITION IS EXPECTED TO BE IMMEDIATELY
ACCRETIVE TO GROSS MARGIN AND ADJUSTED EBITDA MARGIN
    * XOMETRY INC - EXPECT DEAL TO ACCELERATE OUR PATH TO
PROFITABILITY AND EXPECT FULL YEAR PROFITABILITY IN 2023
    * XOMETRY INC - CASH AND STOCK TRANSACTION WITH ABOUT $198.5
MILLION IN CASH AND $101.5 MILLION IN XOMETRY'S CLASS A COMMON
STOCK

Source text for Eikon:  ID:nGNX7gqhpb 
Further company coverage:  XMTR.O 

 ((Reuters.Briefs@thomsonreuters.com;;))