AMETEK Completes Acquisition of FARO Technologies
AMETEK (NYSE: AME) has successfully completed its acquisition of FARO Technologies for $44.00 per share in cash, representing a total value of approximately $920 million net of cash acquired. The transaction, which received both shareholder and regulatory approvals, has resulted in FARO's delisting from Nasdaq.
FARO Technologies, generating annual sales of $340 million, will be integrated into AMETEK's Ultra Precision Technologies Division within its Electronic Instruments Group. The acquisition strengthens AMETEK's position in precision measurement, bringing FARO's expertise in 3D metrology and digital reality solutions, including portable measurement arms, laser scanners, trackers, and software solutions.
AMETEK (NYSE: AME) ha completato con successo l'acquisizione di FARO Technologies per 44,00 dollari per azione in contanti, per un valore complessivo di circa 920 milioni di dollari al netto della liquidità acquisita. L'operazione, approvata sia dagli azionisti che dalle autorità regolatorie, ha comportato la cancellazione delle azioni FARO dal Nasdaq.
FARO Technologies, con un fatturato annuo di 340 milioni di dollari, sarà integrata nella divisione Ultra Precision Technologies di AMETEK, all'interno del gruppo Electronic Instruments. Questa acquisizione rafforza la posizione di AMETEK nel settore delle misurazioni di precisione, incorporando l'expertise di FARO nella metrologia 3D e nelle soluzioni di realtà digitale, inclusi bracci di misura portatili, scanner laser, tracker e software dedicati.
AMETEK (NYSE: AME) ha completado con éxito la adquisición de FARO Technologies por 44,00 dólares por acción en efectivo, lo que representa un valor total aproximado de 920 millones de dólares netos de efectivo adquirido. La transacción, que contó con la aprobación de accionistas y reguladores, ha llevado a la exclusión de FARO del Nasdaq.
FARO Technologies, con ventas anuales de 340 millones de dólares, se integrará en la División de Ultra Precision Technologies de AMETEK dentro del grupo Electronic Instruments. Esta adquisición fortalece la posición de AMETEK en la medición de precisión, aportando la experiencia de FARO en metrología 3D y soluciones de realidad digital, incluyendo brazos de medición portátiles, escáneres láser, rastreadores y soluciones de software.
AMETEK (NYSE: AME)가 FARO Technologies를 주당 44.00달러 현금으로 성공적으로 인수 완료했으며, 순현금 제외 약 9억 2천만 달러의 총 가치를 나타냅니다. 주주와 규제 당국의 승인을 받은 이번 거래로 FARO는 나스닥에서 상장 폐지되었습니다.
연간 매출 3억 4천만 달러를 기록하는 FARO Technologies는 AMETEK의 전자기기 그룹 내 Ultra Precision Technologies 부서에 통합될 예정입니다. 이번 인수는 AMETEK의 정밀 측정 분야 입지를 강화하며, 휴대용 측정 암, 레이저 스캐너, 트래커 및 소프트웨어 솔루션을 포함한 FARO의 3D 계측 및 디지털 현실 솔루션 전문성을 더합니다.
AMETEK (NYSE : AME) a finalisé avec succès l'acquisition de FARO Technologies pour 44,00 $ par action en espèces, représentant une valeur totale d'environ 920 millions de dollars nets de la trésorerie acquise. La transaction, approuvée par les actionnaires et les autorités réglementaires, a conduit à la radiation de FARO du Nasdaq.
FARO Technologies, qui réalise un chiffre d'affaires annuel de 340 millions de dollars, sera intégrée à la division Ultra Precision Technologies d'AMETEK au sein du groupe Electronic Instruments. Cette acquisition renforce la position d'AMETEK dans la mesure de précision, en apportant l'expertise de FARO en métrologie 3D et solutions de réalité numérique, incluant des bras de mesure portables, des scanners laser, des traceurs et des solutions logicielles.
AMETEK (NYSE: AME) hat die Übernahme von FARO Technologies erfolgreich abgeschlossen und zahlt 44,00 USD pro Aktie in bar, was einem Gesamtwert von etwa 920 Millionen USD abzüglich erworbener Barmittel entspricht. Die Transaktion, die sowohl von den Aktionären als auch von den Regulierungsbehörden genehmigt wurde, führte zur Delistung von FARO an der Nasdaq.
FARO Technologies, mit einem Jahresumsatz von 340 Millionen USD, wird in die Ultra Precision Technologies Division von AMETEK innerhalb der Electronic Instruments Group integriert. Die Übernahme stärkt AMETEKs Position im Bereich der Präzisionsmessung und bringt FAROs Expertise in 3D-Messtechnik und digitalen Realitätslösungen ein, einschließlich tragbarer Messarme, Laserscanner, Tracker und Softwarelösungen.
- Strategic acquisition valued at $920 million enhances AMETEK's precision measurement capabilities
- Addition of FARO's $340 million annual revenue stream
- Expansion into new attractive market segments through FARO's diverse end-market presence
- Integration into existing Ultra Precision Technologies Division provides operational synergies
- Significant cash outlay of $920 million impacts AMETEK's cash reserves
- Integration risks associated with merging FARO's operations
"We are pleased to announce the closing of this highly strategic acquisition and are excited to welcome the FARO Technologies team to AMETEK," said David A. Zapico, AMETEK Chairman and Chief Executive Officer. "FARO's leadership in 3D metrology and digital reality solutions enhances our capabilities in precision measurement and supports our expansion into attractive market segments."
FARO joins AMETEK as part of its Ultra Precision Technologies Division within AMETEK's Electronic Instruments Group. FARO Technologies is a leading provider of 3D measurement and imaging solutions, including portable measurement arms, laser scanners and trackers, software solutions, and comprehensive service offerings. FARO's precision manufacturing and digital reality solutions serve a diverse range of end markets. FARO had annual sales of approximately
About AMETEK
AMETEK (NYSE: AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales of approximately
Forward Looking Statements
Statements in this release that are not strictly historical, including statements regarding events or developments that we believe or anticipate will or may occur in the future, may be "forward-looking" statements within the meaning of the federal securities laws. There are a number of important factors that could cause actual events to differ materially from those suggested or indicated by such forward-looking statements and you should not place undue reliance on any such forward-looking statements. These factors include, among other things: general economic conditions and conditions affecting the industry in which FARO operates; AMETEK's ability to successfully integrate FARO's operations and employees with AMETEK's existing business; and the ability to realize anticipated growth, synergies and cost savings. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in AMETEK's Securities and Exchange Commission (the "SEC") filings, including AMETEK's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. These forward-looking statements speak only as of the date of this release and AMETEK does not assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events and developments or otherwise.
Contacts:
Kevin Coleman
Vice President, Investor Relations and Treasurer
AMETEK, Inc.
kevin.coleman@ametek.com
Phone: 610-889-5247
View original content:https://www.prnewswire.com/news-releases/ametek-completes-acquisition-of-faro-technologies-302509238.html
SOURCE AMETEK, Inc.
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