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% premium to FARO's last close. FARO Technologies, which produces 3D measurement and imaging solutions including portable measurement arms, laser scanners and trackers, among others, generated about $340 million in sales in 2024. The transaction will boost AMETEK's precision technology portfolio in the electronic instruments division, which produces test and measurement instruments for sectors such as aerospace, medical, research, power and industrial markets.