BERWYN, PA — AMETEK, Inc. (NYSE: AME) has announced a definitive agreement to acquire FARO Technologies, Inc. (Nasdaq: FARO) in a deal valued at approximately $920 million. Under the agreement, AMETEK will purchase all outstanding shares of FARO Technologies’ common stock for $44 per share in cash, representing a 40% premium to FARO’s closing share price on May 5, 2025.
FARO Technologies, a Florida-based leader in 3D measurement and imaging solutions, earned approximately $340 million in annual sales. The company’s product line—which includes portable measurement arms, laser scanners, and digital reality solutions—is widely used in precision manufacturing and other high-growth markets.
“FARO is an outstanding acquisition for AMETEK and an excellent strategic fit with our Ultra Precision Technologies division,” said David A. Zapico, Chairman and CEO of AMETEK. “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 and CEO of FARO Technologies, expressed confidence in FARO’s future under AMETEK’s leadership. “With AMETEK’s global scale, operational excellence, and commitment to innovation, we are well-positioned to accelerate our growth and continue delivering cutting-edge solutions to our customers around the world,” Lau said.
The boards of directors for both companies have unanimously approved the transaction, which is still subject to FARO shareholder approval, regulatory clearance, and other customary closing conditions. The acquisition is expected to close in the second half of 2025.
This strategic acquisition to advance AMETEK’s technological capabilities and global market presence, while providing FARO access to new resources to fuel innovation and growth.
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