AMETEK, Inc., a global leader in electronic instruments and electromechanical devices, announced its agreement to acquire FARO Technologies, Inc., a prominent provider of 3D measurement and imaging solutions. The acquisition deal, valued at approximately $920 million, includes a cash offer of $44 per share, representing a 40% premium over FARO's recent closing price. The boards of both companies have unanimously approved the transaction, which is expected to close in the second half of 2025, pending customary closing conditions and regulatory approvals. This strategic acquisition aims to enhance AMETEK's presence in the precision technology sector and leverage FARO's expertise in 3D metrology and imaging solutions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ametek Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001037868-25-000042), on May 08, 2025, and is solely responsible for the information contained therein.