XOM Materials

What XOM Materials does

XOM Materials operates an online marketplace and procurement platform for steel and metal products and services, targeting industrial customers who require flexible, sustainable sourcing. The platform's core digital assets include the Kloeckner Online Shop (shop.kloeckner.de) — offering personalized pricing, selectable delivery dates, and digital quote and document management — and the Nexigen® family of CO2-reduced material, service, logistics, and data services, including a digital emissions-management dashboard under the Nexigen® Data Services brand. These components are delivered within the broader Klöckner & Co ecosystem, leveraging the position of Klöckner & Co SE as one of the largest steel and metal processors and distributors in Germany and Western Europe.

The business model combines a self-service e-commerce channel aimed at SMB and individual buyers with a direct enterprise sales motion for large industrial customers requiring bulk and customized orders. Pricing is quote-based ('personal price calculation'), and go-to-market is multi-channel: corporate website, press communications, sustainability messaging, and professional networks such as LinkedIn, Xing, and Kununu. The company markets horizontally across industrial customers rather than by vertical specialization.

Ownership context materially affects the investment profile. Klöckner & Co SE, the founding entity (1903) that went public in 2006 under ticker KCO on the Frankfurt Stock Exchange, became subject to a successful voluntary public takeover by Worthington Steel, Inc. at €11.00 per share, completed in March-April 2026, followed by an announced control and profit transfer agreement. XOM Materials is a privately held entity (founded 2017) with 11-50 employees and is headquartered in Berlin, Germany, operating within this restructured corporate group.

Name

XOM Materials

Legal name

Klöckner & Co SE

Website

https://xom-materials.com

Company type

Public

Founded year

1903

Operating status

Operating

Headcount range

11–50 employees

Short description

XOM Materials is a Berlin-based online marketplace and procurement platform for steel and metal products, serving industrial customers with personalized pricing, flexible delivery, and the Nexigen® CO2-reduced materials and emissions-data portfolio within the Klöckner & Co / Worthington Steel ecosystem.

Ownership category

akta.pro rank

Product category

Industrial Materials Marketplace / Steel and Metal Distribution

akta.pro primary industry

Metals, Plastics & Fabrication Materials Marketplaces (CRAFAHAN)

Keywords

• Online steel marketplace
• Metal procurement platform
• Industrial materials sourcing
• Sustainable steel supply
• Digital procurement services

Headquarters

HQ city

Berlin

HQ country

Germany

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Digital Commerce or Content

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Distribution channels2 records

Marketing channels3 records

Core offering

XOM Materials is an online marketplace and procurement platform for products and services, with a core focus on steel and metal distribution. The platform enables industrial customers to source materials digitally, with personalized pricing, flexible delivery dates, and integrated quote and document management. It also offers the Nexigen® portfolio of CO2-reduced materials, services, and logistics, plus digital emissions tracking via Nexigen® Data Services.

Differentiator

Problem solved

Functional benefit

Brands

• Nexigen®: Brand for CO2-reduced steel and metal solutions, including material, service, and logistics offerings that help customers build sustainable supply chains.
• Nexigen® Data Services

Products and services

• XOM Materials Online Marketplace
• Nexigen® CO2-reduced Materials
• Nexigen® Data Services

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Worthington Steel, Inc.coreStrategic or Co-development Partner · 1 January 2026Worthington Steel launched a voluntary public takeover offer for Klöckner & Co SE at €11.00 per share, indicating a strategic acquisition intent. The offer was successful with an additional acceptance period from April 1-14, 2026. Worthington Steel also expressed intent to conclude a control and profit transfer agreement with Klöckner & Co SE.

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Emerging players

• Xometry: Online B2B marketplace for on-demand manufacturing including metal fabrication, CNC, and 3D printing — adjacent marketplace model serving industrial buyers with custom metal parts sourcing.
• ThomasNet: North American industrial B2B sourcing platform connecting buyers with metals, fabricated parts, and industrial suppliers — comparable as a digital industrial sourcing marketplace.
• MetalMiner (by Argus Media): Digital metals pricing intelligence and procurement platform providing forecasts, should-cost models, and sourcing tools for industrial metals buyers — comparable as a digital procurement overlay on metals markets.

Direct peers

• Klöckner & Co SE: Parent company of XOM Materials and one of the largest independent steel and metal distributors globally; operates the Kloeckner Online Shop that underpins XOM's marketplace offering.
• MetalsHub: Digital B2B marketplace for metals and steel connecting buyers and suppliers globally. Closest direct competitor to XOM Materials in online metals procurement and trading.

Broad incumbents

• Salzgitter AG: German steel producer and processor with extensive European distribution and trading operations, serving overlapping industrial customer segments as XOM Materials.
• thyssenkrupp Materials Services: One of Europe's largest mill-independent materials distribution and service companies, offering steel, aluminum, and digital supply chain solutions directly comparable to Klöckner & Co's distribution model.
• Grainger (W.W. Grainger): Large industrial supply distributor with a strong digital e-commerce platform serving maintenance, repair, and operations customers — comparable digital procurement model in the broader industrial supply space.
• Reliance Steel & Aluminum Co. Large US-based metals service center operator with global footprint and significant digital ordering capabilities; comparable as a broad incumbent in metals distribution and processing.

Others

• SAP Ariba: Enterprise procurement and supplier network platform used by large industrial buyers to manage indirect and direct spend including metals; competes for the procurement workflow layer above marketplaces like XOM.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/kl%C3%B6ckner-%26-co-se

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about XOM Materials