AMETEK Acquires FARO Technologies in $920 Million Deal

Published 5 hours agoAME

AMETEK Acquires FARO Technologies in $920 Million Deal

AMETEK, Inc., a global leader in the production of electronic instruments and electromechanical devices, has announced its acquisition of FARO Technologies for $920 million. FARO Technologies is recognized for their 3D measurement and imaging solutions. This strategic move is set to bolster AMETEK's capabilities in precision measurement.

The acquisition, valued at $920 million, underscores AMETEK's commitment to strengthening its foothold in the 3D measurement sector. According to Reuters, the transaction is anticipated to be accretive to AMETEK's earnings per share within the first full year post-acquisition. The deal is currently awaiting customary closing conditions, including regulatory approvals, before it can be finalized.

This acquisition is a key component of AMETEK's broader growth strategy, which focuses on operational excellence, innovation through new product development, and market expansion across the globe. By integrating FARO Technologies, AMETEK aims to enhance its position in the precision measurement market and unlock new growth avenues.

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