AMETEK Completes Acquisition of FARO Technologies
AMETEK (NYSE: AME) has successfully completed its acquisition of FARO Technologies for $44.00 per share in cash, representing a total value of approximately $920 million net of cash acquired. The transaction, which received both shareholder and regulatory approvals, has resulted in FARO's delisting from Nasdaq.
FARO Technologies, generating annual sales of $340 million, will be integrated into AMETEK's Ultra Precision Technologies Division within its Electronic Instruments Group. The acquisition strengthens AMETEK's position in precision measurement, bringing FARO's expertise in 3D metrology and digital reality solutions, including portable measurement arms, laser scanners, trackers, and software solutions.
AMETEK (NYSE: AME) ha completato con successo l'acquisizione di FARO Technologies per 44,00 dollari per azione in contanti, per un valore complessivo di circa 920 milioni di dollari al netto della liquidit脿 acquisita. L'operazione, approvata sia dagli azionisti che dalle autorit脿 regolatorie, ha comportato la cancellazione delle azioni FARO dal Nasdaq.
FARO Technologies, con un fatturato annuo di 340 milioni di dollari, sar脿 integrata nella divisione Ultra Precision Technologies di AMETEK, all'interno del gruppo Electronic Instruments. Questa acquisizione rafforza la posizione di AMETEK nel settore delle misurazioni di precisione, incorporando l'expertise di FARO nella metrologia 3D e nelle soluzioni di realt脿 digitale, inclusi bracci di misura portatili, scanner laser, tracker e software dedicati.
AMETEK (NYSE: AME) ha completado con 茅xito la adquisici贸n de FARO Technologies por 44,00 d贸lares por acci贸n en efectivo, lo que representa un valor total aproximado de 920 millones de d贸lares netos de efectivo adquirido. La transacci贸n, que cont贸 con la aprobaci贸n de accionistas y reguladores, ha llevado a la exclusi贸n de FARO del Nasdaq.
FARO Technologies, con ventas anuales de 340 millones de d贸lares, se integrar谩 en la Divisi贸n de Ultra Precision Technologies de AMETEK dentro del grupo Electronic Instruments. Esta adquisici贸n fortalece la posici贸n de AMETEK en la medici贸n de precisi贸n, aportando la experiencia de FARO en metrolog铆a 3D y soluciones de realidad digital, incluyendo brazos de medici贸n port谩tiles, esc谩neres l谩ser, rastreadores y soluciones de software.
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AMETEK (NYSE : AME) a finalis茅 avec succ猫s l'acquisition de FARO Technologies pour 44,00 $ par action en esp猫ces, repr茅sentant une valeur totale d'environ 920 millions de dollars nets de la tr茅sorerie acquise. La transaction, approuv茅e par les actionnaires et les autorit茅s r茅glementaires, a conduit 脿 la radiation de FARO du Nasdaq.
FARO Technologies, qui r茅alise un chiffre d'affaires annuel de 340 millions de dollars, sera int茅gr茅e 脿 la division Ultra Precision Technologies d'AMETEK au sein du groupe Electronic Instruments. Cette acquisition renforce la position d'AMETEK dans la mesure de pr茅cision, en apportant l'expertise de FARO en m茅trologie 3D et solutions de r茅alit茅 num茅rique, incluant des bras de mesure portables, des scanners laser, des traceurs et des solutions logicielles.
AMETEK (NYSE: AME) hat die 脺bernahme von FARO Technologies erfolgreich abgeschlossen und zahlt 44,00 USD pro Aktie in bar, was einem Gesamtwert von etwa 920 Millionen USD abz眉glich erworbener Barmittel entspricht. Die Transaktion, die sowohl von den Aktion盲ren als auch von den Regulierungsbeh枚rden genehmigt wurde, f眉hrte zur Delistung von FARO an der Nasdaq.
FARO Technologies, mit einem Jahresumsatz von 340 Millionen USD, wird in die Ultra Precision Technologies Division von AMETEK innerhalb der Electronic Instruments Group integriert. Die 脺bernahme st盲rkt AMETEKs Position im Bereich der Pr盲zisionsmessung und bringt FAROs Expertise in 3D-Messtechnik und digitalen AG真人官方it盲tsl枚sungen ein, einschlie脽lich tragbarer Messarme, Laserscanner, Tracker und Softwarel枚sungen.
- Strategic acquisition valued at $920 million enhances AMETEK's precision measurement capabilities
- Addition of FARO's $340 million annual revenue stream
- Expansion into new attractive market segments through FARO's diverse end-market presence
- Integration into existing Ultra Precision Technologies Division provides operational synergies
- Significant cash outlay of $920 million impacts AMETEK's cash reserves
- Integration risks associated with merging FARO's operations
"We are pleased to announce the closing of this highly strategic acquisition and are excited to welcome the FARO Technologies team to AMETEK," said David A. Zapico, AMETEK Chairman and Chief Executive Officer. "FARO's leadership in 3D metrology and digital reality solutions enhances our capabilities in precision measurement and supports our expansion into attractive market segments."
FARO joins AMETEK as part of its Ultra Precision Technologies Division within AMETEK's Electronic Instruments Group. FARO Technologies is a leading provider of 3D measurement and imaging solutions, including portable measurement arms, laser scanners and trackers, software solutions, and comprehensive service offerings. FARO's precision manufacturing and digital reality solutions serve a diverse range of end markets. FARO had annual sales of approximately
About AMETEK
AMETEK (NYSE: AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales of approximately
Forward Looking Statements
Statements in this release that are not strictly historical, including statements regarding events or developments that we believe or anticipate will or may occur in the future, may be "forward-looking" statements within the meaning of the federal securities laws. There are a number of important factors that could cause actual events to differ materially from those suggested or indicated by such forward-looking statements and you should not place undue reliance on any such forward-looking statements. These factors include, among other things: general economic conditions and conditions affecting the industry in which FARO operates; AMETEK's ability to successfully integrate FARO's operations and employees with AMETEK's existing business; and the ability to realize anticipated growth, synergies and cost savings. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in AMETEK's Securities and Exchange Commission (the "SEC") filings, including AMETEK's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. These forward-looking statements speak only as of the date of this release and AMETEK does not assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events and developments or otherwise.
Contacts:
Kevin Coleman
Vice President, Investor Relations and Treasurer
AMETEK, Inc.
[email protected]
Phone: 610-889-5247
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SOURCE AMETEK, Inc.
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