Berwyn, Pa., and Lake Mary, Fla., May 6, 2025 – In a statement, AMETEK, Inc. announced that it is acquiring 3D measurement and imaging solutions provider FARO Technologies, Inc.
AMETEK and FARO said that they “have entered into a definitive agreement under which AMETEK will acquire all outstanding shares of FARO Technologies common stock for $44 per share in cash, which represents an approximate 40% premium to FARO’s closing price on May 5, 2025.”
According to AMETEK Chairman and Chief Executive Officer David A. Zapico, “FARO is an outstanding acquisition for AMETEK and an excellent strategic fit with our Ultra Precision Technologies division.” Moreover, Zapico explained, “FARO’s differentiated 3D metrology and imaging solutions expand our presence in attractive growth markets.”
Zapico also said that FARO’s “strong brand, global customer base, employees and technology capabilities complement our existing Creaform business and provide compelling opportunities for growth and margin expansion.”
According to the statement, the transaction values FARO at an enterprise value of approximately $920 million. The transaction is expected to be completed in the second half of 2025.
Source: AMETEK
