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BERWYN, Pa. - AMETEK, Inc. (NYSE:AME), a $41.2 billion market cap industrial technology company, announced Monday it has completed its acquisition of FARO Technologies, Inc. for $44.00 per share in cash, representing approximately $920 million net of cash acquired. Following the completion of the merger, FARO’s common stock will no longer be listed for trading on Nasdaq. According to InvestingPro data, AMETEK maintains strong financial health with a "GOOD" overall rating.
The transaction, which has received approval from FARO shareholders and all necessary regulatory clearances, brings FARO’s 3D metrology and digital reality solutions under AMETEK’s portfolio. FARO will operate within AMETEK’s Ultra Precision Technologies Division, part of its Electronic Instruments Group.
"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. The company’s strong financial position is evidenced by its 55-year track record of consistent dividend payments and recent 10.7% dividend growth, as reported by InvestingPro.
FARO Technologies specializes in portable measurement arms, laser scanners and trackers, software solutions, and service offerings for precision manufacturing and digital reality applications. The company generated annual sales of approximately $340 million prior to the acquisition.
AMETEK, a provider of industrial technology solutions serving niche markets, reported annual sales of approximately $7.0 billion. The company has been listed on the NYSE for over 90 years and is a component of the S&P 500.
The acquisition aligns with AMETEK’s growth strategy that focuses on operational excellence, technology innovation, global expansion, and strategic acquisitions, according to the company’s press release statement. Currently trading above its Fair Value based on InvestingPro analysis, AMETEK demonstrates strong fundamentals with a P/E ratio of 29.1 and maintains moderate debt levels. Investors can access detailed valuation metrics and 12 additional ProTips through InvestingPro’s comprehensive research reports.
In other recent news, AMETEK Inc. reported its financial results for the first quarter of 2025, revealing an earnings per share (EPS) of $1.75, which surpassed analysts’ expectations of $1.69. However, the company’s revenue came in slightly under projections, totaling $1.73 billion compared to the anticipated $1.74 billion. Additionally, AMETEK announced a definitive agreement to acquire FARO Technologies for approximately $920 million, a move expected to enhance AMETEK’s portfolio within its Ultra Precision Technologies division. The acquisition deal, pending customary closing conditions and regulatory approvals, is anticipated to close in the second half of 2025. Meanwhile, Melius Research downgraded AMETEK’s stock from Buy to Hold, citing narrowing growth opportunities and potential headwinds in healthcare and renewables segments. Despite this downgrade, AMETEK’s shareholders approved key proposals at the company’s recent annual meeting, including the election of directors and the ratification of Ernst & Young LLP as the independent accounting firm. The company continues to focus on strategic investments and acquisitions, maintaining a robust pipeline of potential deals to drive future growth.
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