AMETEK to Acquire FARO Technologies
AMETEK (NYSE: AME) has announced a definitive agreement to acquire FARO Technologies (Nasdaq: FARO) for $44 per share in cash, representing a 40% premium over FARO's closing price on May 5, 2025. The transaction values FARO at an enterprise value of approximately $920 million.
FARO Technologies, founded in 1981 and headquartered in Lake Mary, Florida, is a leading provider of 3D measurement and imaging solutions with annual sales of $340 million. The acquisition will integrate FARO into AMETEK's Ultra Precision Technologies division, complementing their existing Creaform business. The transaction, unanimously approved by both companies' boards, is expected to close in the second half of 2025, subject to regulatory approvals and FARO shareholders' approval.
AMETEK (NYSE: AME) ha annunciato un accordo definitivo per acquisire FARO Technologies (Nasdaq: FARO) al prezzo di 44 dollari per azione in contanti, rappresentando un premio del 40% rispetto al prezzo di chiusura di FARO del 5 maggio 2025. L'operazione valuta FARO a un valore d'impresa di circa 920 milioni di dollari.
FARO Technologies, fondata nel 1981 e con sede a Lake Mary, Florida, è un leader nella fornitura di soluzioni di misurazione e imaging 3D con vendite annuali di 340 milioni di dollari. L'acquisizione integrerà FARO nella divisione Ultra Precision Technologies di AMETEK, completando l'attività esistente di Creaform. La transazione, approvata all'unanimità dai consigli di amministrazione di entrambe le società, dovrebbe concludersi nella seconda metà del 2025, subordinatamente alle approvazioni regolamentari e al consenso degli azionisti di FARO.
AMETEK (NYSE: AME) ha anunciado un acuerdo definitivo para adquirir FARO Technologies (Nasdaq: FARO) por 44 dólares por acción en efectivo, lo que representa una prima del 40% sobre el precio de cierre de FARO del 5 de mayo de 2025. La transacción valora a FARO en un valor empresarial de aproximadamente 920 millones de dólares.
FARO Technologies, fundada en 1981 y con sede en Lake Mary, Florida, es un proveedor líder de soluciones de medición e imagen 3D con ventas anuales de 340 millones de dólares. La adquisición integrará FARO en la división Ultra Precision Technologies de AMETEK, complementando su negocio existente Creaform. La transacción, aprobada por unanimidad por las juntas directivas de ambas compañías, se espera que se cierre en la segunda mitad de 2025, sujeta a aprobaciones regulatorias y a la aprobación de los accionistas de FARO.
AMETEK (NYSE: AME)는 FARO Technologies (Nasdaq: FARO)를 주당 44달러 현금에 인수하는 최종 계약을 발표했으며, 이는 2025년 5월 5일 FARO 종가 대비 40% 프리미엄에 해당합니다. 이번 거래는 FARO의 기업 가치를 약 9억 2천만 달러로 평가합니다.
1981년에 설립되어 플로리다주 레이크 메리에 본사를 둔 FARO Technologies는 연간 매출 3억 4천만 달러 규모의 3D 측정 및 영상 솔루션 선도 업체입니다. 이번 인수로 FARO는 AMETEK의 Ultra Precision Technologies 부문에 통합되어 기존의 Creaform 사업을 보완할 예정입니다. 양사 이사회가 만장일치로 승인한 이 거래는 규제 승인과 FARO 주주 승인 조건 하에 2025년 하반기에 완료될 것으로 예상됩니다.
AMETEK (NYSE : AME) a annoncé un accord définitif pour acquérir FARO Technologies (Nasdaq : FARO) au prix de 44 dollars par action en espèces, représentant une prime de 40 % par rapport au cours de clôture de FARO au 5 mai 2025. La transaction valorise FARO à une valeur d'entreprise d'environ 920 millions de dollars.
FARO Technologies, fondée en 1981 et basée à Lake Mary, en Floride, est un leader dans les solutions de mesure 3D et d'imagerie, avec un chiffre d'affaires annuel de 340 millions de dollars. L'acquisition intégrera FARO dans la division Ultra Precision Technologies d'AMETEK, complétant leur activité existante Creaform. La transaction, approuvée à l'unanimité par les conseils d'administration des deux sociétés, devrait être finalisée au second semestre 2025, sous réserve des approbations réglementaires et de l'accord des actionnaires de FARO.
AMETEK (NYSE: AME) hat eine verbindliche Vereinbarung zur Übernahme von FARO Technologies (Nasdaq: FARO) zum Preis von 44 US-Dollar pro Aktie in bar bekannt gegeben, was einem Aufschlag von 40% gegenüber dem Schlusskurs von FARO am 5. Mai 2025 entspricht. Die Transaktion bewertet FARO mit einem Unternehmenswert von etwa 920 Millionen US-Dollar.
FARO Technologies, gegründet 1981 mit Hauptsitz in Lake Mary, Florida, ist ein führender Anbieter von 3D-Mess- und Bildgebungslösungen mit einem Jahresumsatz von 340 Millionen US-Dollar. Die Übernahme wird FARO in AMETEKs Division Ultra Precision Technologies integrieren und das bestehende Geschäft von Creaform ergänzen. Die Transaktion, die von den Vorständen beider Unternehmen einstimmig genehmigt wurde, soll in der zweiten Hälfte des Jahres 2025 abgeschlossen werden, vorbehaltlich der behördlichen Genehmigungen und der Zustimmung der FARO-Aktionäre.
- 40% premium offered to FARO shareholders at $44 per share
- Strategic expansion into 3D metrology and imaging solutions market
- Complementary fit with AMETEK's existing Creaform business
- Addition of $340 million in annual sales to AMETEK's revenue
- Opportunities for growth and margin expansion through operational synergies
- Significant capital outlay of $920 million in enterprise value
- Transaction subject to regulatory and shareholder approval risks
- Integration challenges may affect operational efficiency
Insights
AMETEK's acquisition of FARO at 40% premium offers compelling value for shareholders while strategically expanding AMETEK's precision measurement capabilities.
The $44 per share all-cash offer represents a substantial 40% premium over FARO's previous closing price, providing immediate value for FARO shareholders. The transaction values FARO at an enterprise value of approximately $920 million, which translates to roughly 2.7x annual sales based on FARO's $340 million revenue.
This premium valuation suggests AMETEK sees significant strategic value in FARO beyond its current market price. The all-cash structure eliminates integration risks associated with stock-based transactions and provides certainty for FARO shareholders.
For AMETEK, this acquisition represents a calculated expansion into complementary precision measurement technologies. FARO's capabilities in 3D metrology directly enhance AMETEK's Ultra Precision Technologies division and specifically complement their existing Creaform business.
While the transaction remains subject to regulatory approvals and FARO shareholder vote, the substantial premium makes shareholder approval highly probable. The expected completion timeline in the second half of 2025 aligns with standard regulatory review periods for transactions of this nature and scale.
FARO acquisition strengthens AMETEK's precision measurement portfolio, creating comprehensive metrology solutions across manufacturing and digital reality applications.
This acquisition significantly enhances AMETEK's position in the growing precision measurement and 3D imaging market. FARO's specialized portfolio of portable measurement arms, laser scanners and trackers provides AMETEK with expanded capabilities in high-precision industrial metrology.
The strategic fit between FARO and AMETEK's existing Creaform business is particularly compelling. While Creaform specializes in portable 3D measurement technologies, FARO brings complementary expertise in larger-scale measurement systems and software solutions. This combination creates a more comprehensive metrology portfolio capable of addressing diverse customer requirements across multiple industries.
The industrial metrology market has been experiencing consistent growth driven by increasing quality control requirements in manufacturing and the accelerating adoption of digital technologies. By acquiring FARO's established brand and global customer base, AMETEK gains immediate scale in this attractive market segment.
FARO's strengths in precision manufacturing and digital reality solutions align with industrial digitalization trends, positioning the combined entity to capture growth opportunities in emerging applications like digital twins, additive manufacturing quality assurance, and automated inspection systems.
Founded in 1981 and headquartered in
"FARO is an outstanding acquisition for AMETEK and an excellent strategic fit with our Ultra Precision Technologies division," comments 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."
"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."
The closing of the transaction is subject to customary closing conditions, including applicable regulatory approvals. The closing of the transaction is also subject to approval of FARO Technologies shareholders. The transaction is expected to be completed in the second half of 2025.
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
About FARO Technologies
For more than 40 years, FARO Technologies has provided industry-leading technology solutions that enable customers to measure their world, and then use that data to make smarter decisions faster. FARO continues to be a pioneer in bridging the digital and physical worlds through data-driven reliable accuracy, precision, and immediacy. For more information, visit www.faro.com.
Forward Looking Statements
Statements in this release that are not strictly historical, including statements regarding the proposed merger, the expected timetable for completing the merger and any other 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; the uncertainty of regulatory approvals; adoption of the merger agreement by FARO shareholders; the parties' ability to satisfy the closing conditions and consummate the merger; 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 and FARO's respective Securities and Exchange Commission (the "SEC") filings, including each company's most recent, respective 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 neither company assumes any obligation to update or revise any forward-looking statement, whether as a result of new information, future events and developments or otherwise.
Additional Information and Where to Find It
This communication relates to the proposed merger of FARO Technologies into a wholly owned subsidiary of AMETEK, pursuant to the terms of the merger agreement. A special meeting of the shareholders of FARO Technologies will be announced as promptly as practicable to seek shareholder approval in connection with the proposed merger. FARO expects to file with the SEC a proxy statement and other relevant documents in connection with the proposed merger. INVESTORS AND SHAREHOLDERS OF FARO TECHNOLOGIES ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER RELEVANT MATERIALS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT FARO, AMETEK, MERGER SUB AND THE MERGER. Shareholders may obtain a free copy of these materials (when they are available) and other documents filed by FARO with the SEC at the SEC's website at www.sec.gov, at FARO's website at http://www.faro.com or by sending a written request to FARO's Corporate Secretary at its principal executive offices at 125 Technology Park,
Participants in the Solicitation
FARO Technologies, its directors and certain of its executive officers and employees may be deemed to be participants in soliciting proxies from FARO's shareholders in connection with the merger. Information regarding the persons who may, under the rules of the SEC, be considered to be participants in the solicitation of FARO Technologies shareholders in connection with the merger and any direct or indirect interests they have in the merger will be set forth in FARO's definitive proxy statement for its special shareholder meeting when it is filed with the SEC. Information relating to the foregoing can also be found in FARO's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on February 24, 2025 and their definitive proxy statement for its 2025 Annual Meeting of Shareholders (the "Annual Meeting Proxy Statement") filed with the SEC on April 10, 2025. To the extent that holdings of FARO's securities by the directors and executive officers of FARO have changed from the amounts set forth in the Annual Meeting Proxy Statement, such changes have been or will be reflected on Statements of Changes in Beneficial Ownership on Form 4 filed with the SEC.
Contacts:
Kevin Coleman
Vice President, Investor Relations and Treasurer
AMETEK, Inc.
kevin.coleman@ametek.com
Phone: 610-889-5247
Matthew Horwath
Chief Financial Officer
FARO Technologies, Inc.
IR@FARO.com
Phone: 407-562-5005
Erica Mannion & Mike Funari
Sapphire Investor Relations, LLC
FARO Technologies, Inc.
IR@FARO.com
Phone: 407-562-5005
View original content:https://www.prnewswire.com/news-releases/ametek-to-acquire-faro-technologies-302446644.html
SOURCE AMETEK, Inc.
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