- AMETEK (AME, Financial) has agreed to acquire FARO Technologies (FARO) for $44 per share in cash, a 40% premium over FARO's closing price on May 5, 2025.
- The transaction values FARO at approximately $920 million and is expected to close in the second half of 2025.
- FARO Technologies will be integrated into AMETEK's Ultra Precision Technologies division, complementing their existing Creaform business.
AMETEK, Inc. (AME) has entered into a definitive agreement to acquire FARO Technologies, Inc. (FARO) for $44 per share in cash. This price represents a 40% premium over FARO's closing stock price on May 5, 2025, valuing the company at an enterprise value of approximately $920 million.
FARO Technologies, founded in 1981 and based in Lake Mary, Florida, is a leader in 3D measurement and imaging solutions, generating approximately $340 million in annual sales. The acquisition, unanimously approved by the boards of directors of both companies, aims to integrate FARO into AMETEK's Ultra Precision Technologies division, thus enhancing AMETEK's existing Creaform business with complementary 3D metrology and imaging solutions.
David A. Zapico, AMETEK Chairman and CEO, emphasized that FARO's acquisition expands AMETEK's presence in growth markets, leveraging FARO's strong brand and global customer base. Peter Lau, President and CEO of FARO, expressed enthusiasm for joining AMETEK, highlighting the potential for accelerated growth and continued innovation.
The transaction is subject to regulatory approvals and the approval of FARO Technologies' shareholders, with an anticipated closing in the second half of 2025.
