FARO | AMETEK to acquire FARO Technologies

AMETEK and FARO Technologies have announced that they have entered into an agreement under which AMETEK will acquire all outstanding shares of FARO Technologies common stock.

Original Source - SPATIAL SOURCE

AMETEK will pay US$44 per share in cash, which represents an approximate 40% premium to FARO’s closing price on 5 May 2025.

The transaction values FARO at an enterprise value of approximately US$920 million. The company has annual sales of approximately US$340 million.

The boards of directors of both companies have unanimously approved the transaction, which is expected to be completed in the second half of 2025.

Founded in 1981 and headquartered in Lake Mary, Florida, FARO is a provider of 3D measurement and imaging solutions, including portable measurement arms, laser scanners and trackers, and software solutions.

“We are excited to join AMETEK and its portfolio of industry-leading technology businesses,” said Peter Lau, President, Chief Executive Officer & Director of FARO Technologies.

“With AMETEK’s global scale, operational excellence, and commitment to innovation, we are well-positioned to accelerate our growth and continue delivering cutting-edge solutions to our customers around the world.”

AMETEK operates across a range of sectors such as aerospace, defence, energy, healthcare, automation and manufacturing, and says it has a global workforce of 21,000 people operating from 150 locations in 31 countries. The company has completed more than 90 other acquisitions since the year 2000.

“FARO is an outstanding acquisition for AMETEK and an excellent strategic fit with our Ultra Precision Technologies division,” said David A. Zapico, AMETEK Chairman and Chief Executive Officer.

“FARO’s differentiated 3D metrology and imaging solutions expand our presence in attractive growth markets.

“Its strong brand, global customer base, employees and technology capabilities complement our existing Creaform business and provide compelling opportunities for growth and margin expansion.”