Overlooked major merger – AMETEK will acquire FARO Technologies in a $920M deal!
The Atomic Layers: S10E17 (00284)
Atomic Layer of the Day:
Sigh… it’s always just about 3D printers or filaments (and resins or powders). And because of that, we sometimes miss things that are just as big—if not bigger…
At the beginning of last week, AMETEK announced the acquisition of FARO Technologies—a leading global manufacturer of 3D scanners—in a transaction valued at $920 million!
The deal involves AMETEK acquiring all outstanding shares of FARO for $44 per share, representing a 40% premium over FARO’s closing stock price on May 5, 2025. The total enterprise value of the transaction is estimated at around $920 million.
The boards of directors of both companies unanimously approved the merger, which is expected to close in the second half of 2025, pending regulatory approvals and the consent of FARO shareholders.
Within AMETEK’s structure, FARO will become part of the Ultra Precision Technologies division, where it will join Creaform, which became part of AMETEK back in 2013.
AMETEK, founded in 1930 and listed on the New York Stock Exchange (NYSE), is a component of the S&P 500 index. The company generates annual revenues of around $7 billion and specializes in advanced technological solutions for niche industrial markets.
FARO Technologies, founded in 1981, is a pioneer in the field of 3D precision measurement and reality capture. For over four decades, the company has shaped the metrology industry by delivering portable measurement arms, laser scanners, motion tracking systems, and specialized software.
FARO is especially known for its large-format 3D scanners, which are used for scanning buildings or large-scale objects such as train carriages or ship hulls. FARO’s technologies were even used in the reconstruction of Notre-Dame Cathedral after the 2019 fire.
Back in the day, I was involved in 3D scanner sales – and although I never managed to close a deal on a FARO device itself, I did take part in several client demonstrations. Incredible equipment – phenomenal capabilities. The very fact that 3D scans could be performed outdoors in less-than-ideal conditions or inside buildings under construction was truly impressive.
FARO’s legacy in the 3D scanning industry is substantial. Now, combining their solutions with Creaform’s will result in a truly comprehensive and complementary metrology offering.
Atomic Layer from the Past:
05-17-2013: Formlabs started shipping the first The Form 1 3D printers.
05-17-2016: HP presented the first 3D printers using Multi Jet Fusion technology.
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