BERWYN, PA and LAKE MARY, FL, May 7, 2025 – AMETEK, Inc. has announced a definitive agreement to acquire FARO Technologies, Inc. for $44 per share in cash. The deal represents a 40% premium over FARO’s closing stock price on May 5, 2025, and assigns the company an enterprise value of approximately $920 million. The acquisition has been approved by the boards of directors of both companies.
“FARO is an outstanding acquisition for AMETEK and an excellent strategic fit with our Ultra Precision Technologies division,” comments David A. Zapico, AMETEK chairman and chief executive officer. “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.”
“We are excited to join AMETEK and its portfolio of industry-leading technology businesses,” said Peter Lau, president, chief executive officer & director of FARO Technologies. “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.”
The completion of the transaction is subject to customary closing conditions, including regulatory approvals and approval by FARO Technologies’ shareholders. The transaction is expected to close in the second half of 2025.
Source: FARO
About AMETEK
AMETEK, Inc., founded in 1930, is a manufacturer of electronic instruments and electromechanical devices, headquartered in Berwyn, PA. The company operates through two main groups: the Electronic Instruments Group (EIG) and the Electromechanical Group (EMG), offering products such as analytical instruments, monitoring, testing and calibration devices, as well as electrical motors and pumps. AMETEK serves industries like aerospace, defense, medical, industrial, and power markets. As of 2024, the company reported annual sales of approximately $7 billion and employs around 21,500 people worldwide. AMETEK’s growth strategy focuses on operational excellence, new product development, global and market expansion, and strategic acquisitions. AMETEK has presence in over 30 countries, expanding its reach and product range to serve evolving customer needs.
About FARO
FARO Technologies, founded in 1981, is a leader in 3D measurement, imaging, and realization solutions. Headquartered in Lake Mary, FL, the company designs and manufactures software-driven, three-dimensional measurement and imaging systems for manufacturing, architecture, engineering, construction, operations and maintenance, and public safety analytics. FARO’s product portfolio includes devices like the FaroArm, FARO Laser Tracker, and FARO Laser Scanner, which are used for inspection, rapid prototyping, and reverse engineering. FARO has offices in over 25 countries, with regional hubs in Germany and Singapore.