FARO Shareholders Overwhelmingly Approve Proposed Merger with AMETEK
FARO Technologies (NASDAQ: FARO), a 4D digital reality solutions provider, announced that shareholders have overwhelmingly approved its proposed merger with AMETEK, Inc. at a Special Meeting of Shareholders. The preliminary voting results showed that over 99% of votes were cast in favor of the merger agreement.
Under the terms of the agreement, FARO shareholders will receive $44 in cash per share. The transaction is anticipated to close in the second half of 2025, subject to regulatory approvals and customary closing conditions. Evercore is serving as the exclusive financial advisor, while Foley & Lardner LLP is acting as legal advisor to FARO.
FARO Technologies (NASDAQ: FARO), fornitore di soluzioni di realtà digitale 4D, ha annunciato che gli azionisti hanno approvato con ampia maggioranza la proposta di fusione con AMETEK, Inc. durante un'Assemblea Straordinaria degli Azionisti. I risultati preliminari delle votazioni hanno mostrato che oltre il 99% dei voti è stato espresso a favore dell'accordo di fusione.
Secondo i termini dell'accordo, gli azionisti di FARO riceveranno 44 dollari in contanti per azione. La transazione è prevista per concludersi nella seconda metà del 2025, subordinata alle approvazioni regolamentari e alle consuete condizioni di chiusura. Evercore agisce come consulente finanziario esclusivo, mentre Foley & Lardner LLP è il consulente legale di FARO.
FARO Technologies (NASDAQ: FARO), proveedor de soluciones de realidad digital 4D, anunció que los accionistas aprobaron abrumadoramente su propuesta de fusión con AMETEK, Inc. en una Junta Especial de Accionistas. Los resultados preliminares de la votación mostraron que más del 99% de los votos fueron a favor del acuerdo de fusión.
Bajo los términos del acuerdo, los accionistas de FARO recibirán 44 dólares en efectivo por acción. Se espera que la transacción se cierre en la segunda mitad de 2025, sujeta a aprobaciones regulatorias y condiciones habituales de cierre. Evercore actúa como asesor financiero exclusivo, mientras que Foley & Lardner LLP es el asesor legal de FARO.
FARO Technologies (NASDAQ: FARO), 4D 디지털 현실 솔루션 제공업체는 주주들이 특별 주주총회에서 AMETEK, Inc.와의 합병 제안을 압도적으로 승인했다고 발표했습니다. 예비 투표 결과에 따르면 99% 이상의 표가 합병 계약에 찬성표를 던졌습니다.
계약 조건에 따라 FARO 주주들은 주당 44달러 현금을 받게 됩니다. 이 거래는 규제 승인 및 일반적인 마감 조건을 충족하는 것을 전제로 2025년 하반기에 완료될 것으로 예상됩니다. Evercore가 독점 금융 자문을 맡고 있으며, Foley & Lardner LLP가 FARO의 법률 자문을 담당하고 있습니다.
FARO Technologies (NASDAQ: FARO), fournisseur de solutions de réalité numérique 4D, a annoncé que les actionnaires ont approuvé à une large majorité sa proposition de fusion avec AMETEK, Inc. lors d'une assemblée générale extraordinaire des actionnaires. Les résultats préliminaires du vote ont montré que plus de 99 % des voix ont été exprimées en faveur de l'accord de fusion.
Selon les termes de l'accord, les actionnaires de FARO recevront 44 dollars en espèces par action. La transaction devrait être finalisée au cours du second semestre 2025, sous réserve des approbations réglementaires et des conditions habituelles de clôture. Evercore agit en tant que conseiller financier exclusif, tandis que Foley & Lardner LLP est le conseiller juridique de FARO.
FARO Technologies (NASDAQ: FARO), Anbieter von 4D-Digitalrealitätslösungen, gab bekannt, dass die Aktionäre auf einer außerordentlichen Hauptversammlung dem vorgeschlagenen Zusammenschluss mit AMETEK, Inc. mit großer Mehrheit zugestimmt haben. Die vorläufigen Abstimmungsergebnisse zeigten, dass über 99 % der Stimmen für die Fusionsvereinbarung abgegeben wurden.
Gemäß den Bedingungen der Vereinbarung erhalten FARO-Aktionäre 44 US-Dollar in bar pro Aktie. Der Abschluss der Transaktion wird für die zweite Hälfte des Jahres 2025 erwartet, vorbehaltlich behördlicher Genehmigungen und üblicher Abschlussbedingungen. Evercore fungiert als exklusiver Finanzberater, während Foley & Lardner LLP als Rechtsberater von FARO tätig ist.
- Overwhelming shareholder approval with over 99% votes in favor
- Premium cash offer of $44 per share for shareholders
- Strategic merger with AMETEK, a larger industrial technology company
- Loss of independence as FARO will be absorbed by AMETEK
- Transaction still subject to regulatory approvals which could delay closing
LAKE MARY, Fla., July 15, 2025 (GLOBE NEWSWIRE) -- FARO® Technologies, Inc. (Nasdaq: FARO) (the “Company” or “FARO”), a global leader in 4D digital reality solutions, today announced that at the Company’s Special Meeting of Shareholders (the “Special Meeting”), FARO shareholders approved the previously announced acquisition of the Company by AMETEK, Inc.
According to the preliminary results, over
Upon consummation of the merger, FARO shareholders will receive
Advisors
Evercore is acting as exclusive financial advisor and Foley & Lardner LLP is acting as legal advisor to FARO.
About FARO
For over 40 years, FARO 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; 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 press release relates to the proposed merger of FARO and a wholly owned subsidiary of AMETEK (“Merger Sub”), pursuant to the terms of the merger agreement. On June 12, 2025, FARO filed with the SEC and commenced mailing to shareholders the proxy statement for the Special Meeting (the “Proxy Statement”). Shareholders of FARO are urged to read the Proxy Statement and other relevant materials because they contain important information about FARO, AMETEK, Merger Sub and the merger. Shareholders may obtain a free copy of these materials 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 the Company’s Corporate Secretary at the Company’s principal executive offices at 125 Technology Park, Lake Mary, Florida 32746.
Matthew Horwath, Chief Financial Officer FARO Technologies, Inc. +1 407-562-5005 IR@Faro.com Michael Funari or Erica Mannion Sapphire Investor Relations, LLC +1 617-542-6180 IR@Faro.com
FAQ
What percentage of FARO shareholders approved the AMETEK merger?
How much will FARO shareholders receive per share in the AMETEK acquisition?
When is the FARO and AMETEK merger expected to close?
Who are the advisors for the FARO-AMETEK merger?
What approvals are still needed for the FARO-AMETEK merger to complete?
