Ametek, Inc. (AME) entered a merger agreement on April 6, 2025, to acquire Faro Technologies, Inc. (FARO) in a cash deal worth $920 million.
Under the terms of the agreement, Ametek will acquire all outstanding shares of Faro Technologies common stock for $44 per share in cash, representing a premium of 40% from the stock’s last close.
Faro Technologies is a provider of 3D measurement, imaging, and realization solutions, offering hardware and software that enable accurate data capture and analysis across manufacturing, construction, and public safety industries.
Ametek is a provider of industrial technology solutions, offering advanced electronic instruments and electromechanical devices for markets including aerospace, automation, medical, and energy.
“Faro is an outstanding acquisition for Ametek and an excellent strategic fit with our Ultra Precision Technologies division,” said David Zapico, Chief Executive Officer of Ametek.
The deal is expected to be completed in the second half of 2025.
The acquisition price represents 2.38 times sales for Faro.
For a deeper insight into this M&A transaction, please visit the Deal Metrics page:
Deal Metrics for the acquisition of FARO Technologies, Inc. (FARO) by AMETEK, Inc. (AME)
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Editor’s Note: Baranjot Kaur contributed to this article