This transaction combines two large online marketplaces into a single global marketplace through which over $5 billion worth of manufacturing services was sourced in the last 12 months alone.
The acquisition also combines two companies that have played leadership roles in North America and Europe, respectively, and, the companies believe, will further expand the manufacturing community’s ability to compete on a global scale.
The technical similarities between the two platforms will also allow existing users (both buyers and suppliers) to begin using the new combined marketplace immediately, without any change in their day-to-day usage.
