Ametek Inc and Faro Technologies 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 5 May 2025. The transaction values Faro at approximately $920m. The boards of directors of both companies have unanimously approved the transaction.

Founded in 1981 and headquartered in Lake Mary, Florida, Faro Technologies is a provider of 3D measurement and imaging solutions, including portable measurement arms, laser scanners and trackers, software solutions, and service offerings. Faro’s precision manufacturing and digital reality solutions serve a diverse range of end markets. The company has annual sales of approximately $340m.

“Faro is an outstanding acquisition for Ametek and an excellent strategic fit with our Ultra Precision Technologies division,” says David Zapico, Ametek chairman and CEO. “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.”

Peter Lau, president, CEO and director of Faro Technologies adds: “With Ametek’s global scale, operational excellence and commitment to innovation, we’re well-positioned to accelerate our growth and continue delivering cutting-edge solutions to customers around the world.”

The transaction is subject to customary closing conditions, including applicable regulatory approvals. It is also subject to the approval of shareholders in Faro Technologies. The transaction is expected to complete in the second half of 2025.

More information www.ametek.com