- AMETEK (AME) completes acquisition of FARO Technologies (FARO, Financial), enhancing product offerings in 3D metrology.
- The merger creates one of the most comprehensive portfolios in 3D measurement and digital reality solutions.
- Integration aims to enhance product collaboration and expand services across multiple industries.
AMETEK, Inc. (AME) has successfully completed the acquisition of FARO Technologies, Inc. (FARO), a leader in 3D measurement and imaging solutions. This strategic move positions AMETEK's Ultra Precision Technologies Division alongside Creaform and Virtek, creating a broad portfolio of 3D metrology, laser projection, and digital reality solutions.
The newly combined entity now offers a diverse range of products including portable measurement arms, 3D scanners, laser trackers, and integrated inspection software. AMETEK aims to leverage these combined capabilities to serve key industrial sectors like automotive manufacturing, aerospace, energy, architecture, engineering, and construction (AEC), as well as public safety.
While each brand under AMETEK's umbrella will maintain its independence, they are expected to collaborate closely to improve product integration and expand service capabilities. This approach is set to provide existing and new customers with enhanced technological solutions and broadened market reach.
According to Peter Lau, President and CEO of FARO, joining AMETEK opens new opportunities for innovation and growth, with a focus on delivering increased value to customers. Fanny Truchon, President of Creaform, echoed this sentiment, expressing optimism about the potential advancements in 3D metrology resulting from the collaboration.
