AMETEK to acquire FARO Technologies in deal valued at $920 million
Under the agreement, AMETEK is offering $44 per share in cash, representing about a 40 per cent premium to FARO's last close. The equity valuation pegs FARO's market value at $846 million.
The acquisition is expected to be completed in the second half of the year.
FARO Technologies produces 3D measurement and imaging solutions, including portable measurement arms, laser scanners and trackers, among others, and generated about $340 million in sales in 2024.
The transaction will boost AMETEK's portfolio, particularly within its Electronic Instruments division, which produces test and measurement instruments for various sectors, including aerospace, medical, research, power, and industrial markets.
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