Faro Tech Rises After Ametek Buyout Deal

Dow Jones

May 06, 2025

By Rob Curran

Faro Technologies rallied after the maker of 3D-measurement systems on Tuesday agreed to a buyout from rival Ametek for $920 million in cash.

Shares of Lake Mary, Fla.-based Faro rose 34% to $42.29 premarket, but were still shy of the $44-per-share deal price, which may suggest some investor skepticism about the odds of closing.

The transaction is subject to regulatory review and other closing conditions, and must be approved by a Faro shareholder vote. The companies expect the merger deal to close in the second half of this year.

Berwyn, Pa.-based Ametek makes a range of industrial products, from automatic doors to measurement devices. On May 1, Ametek reiterated its sales-growth and adjusted-earnings forecasts for 2025, saying the company could offset the impact of tariffs with mitigating actions.

Ametek shares slipped 0.2% to $169.91 premarket.

In April, Faro said it would likely project second-quarter bottom line in a range between a 20-cent per-share loss to breakeven.

Write to Rob Curran at rob.curran@wsj.com

(END) Dow Jones Newswires

May 06, 2025 09:27 ET (13:27 GMT)

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On May 1, Ametek reiterated its sales-growth and adjusted-earnings forecasts for 2025, saying the company could offset the impact of tariffs with mitigating actions. \n\n\n  Ametek shares slipped 0.2% to $169.91 premarket. \n\n\n  In April, Faro said it would likely project second-quarter bottom line in a range between a 20-cent per-share loss to breakeven. \n\n\n \n\n\n  Write to Rob Curran at rob.curran@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 06, 2025 09:27 ET (13:27 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation,merge","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}