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AMETEK Completes Acquisition of FARO Technologies, Strengthening Leadership in 3D Metrology, Laser Projection & Digital Reality Solutions

1. AMETEK acquires FARO Technologies as part of Ultra Precision division. 2. FARO joins Creaform and Virtek to enhance 3D metrology solutions. 3. The acquisition aims to expand market offerings across multiple industries. 4. FARO will continue operating independently while collaborating with its new partners. 5. Leadership sees opportunities for growth and customer value through this partnership.

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Why Bullish?

The acquisition by AMETEK enhances FARO's market reach and potential revenue, similar to past successful mergers in tech. Historically, acquisitions in high-tech sectors have often led to positive market reactions and stock performance.

How important is it?

This acquisition represents a significant shift for FARO, indicating potential growth and increased operational synergy, making it highly relevant to FARO's stock performance outlook.

Why Long Term?

While immediate impacts might be minimal, the long-term benefits from market expansion and innovation are expected to significantly enhance FARO's growth prospects. The integration of technologies and services usually takes time to materialize in revenue growth.

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AMECREAVIRK
July 21, 2025 10:20 ET  | Source: FARO Technologies LAKE MARY, Fla., July 21, 2025 (GLOBE NEWSWIRE) -- AMETEK, Inc. today announced that it has completed its acquisition of FARO Technologies, a global leader in 3D measurement and imaging solutions. FARO will join Creaform and Virtek as part of AMETEK’s Ultra Precision Technologies Division. Together, FARO, Creaform, and Virtek now offer one of the most comprehensive, powerful, and trusted portfolios of portable and automated 3D metrology, laser projection and digital reality solutions available in the industry. This strategic acquisition brings together decades of innovation and expertise to serve a wide range of applications and industries, including: Industrial Manufacturing: Portable measurement arms, handheld 3D scanners, laser trackers, optical CMMs, photogrammetry cameras, and fully integrated inspection and scan-to-CAD software for quality control and reverse engineering in automotive, aerospace, energy, heavy equipment and other industrial sectors. Architecture, Engineering, and Construction (AEC) / Public Safety: Mobile and fixed 3D laser scanners and SaaS collaboration & viewing solutions that enable accurate as-built documentation, construction progress verification, BIM integration, as well as forensics and public safety applications. Manufacturing & Assembly: 3D laser projectors and smart cameras that support complex assembly processes and improve manufacturing efficiency and quality. While each brand will continue to operate independently, they will increasingly collaborate to deliver unmatched customer experiences, enhanced product integration, and expanded service capabilities for both existing and new customers. “We are excited to join the AMETEK family,” said Peter Lau, President and CEO of FARO Technologies. “This partnership opens new opportunities for innovation and growth, and we’re excited to work alongside Creaform and Virtek to deliver even greater value to our customers.” “Bringing together these three industry leaders allows us to offer a truly unique and powerful suite of solutions,” added Fanny Truchon, President of Creaform. “We look forward to collaborating more closely to push the boundaries of what’s possible in 3D metrology, laser scanning and laser projection.” For more information, please visit: www.faro.com/www.creaform3d.com/www.virtekvision.com/ About FARO For more than 40 years, FARO has provided industry-leading technology solutions that enable customers to measure their world, and then use that data to make smarter decisions faster. FARO continues to be a pioneer in bridging the digital and physical worlds through data-driven reliable accuracy, precision, and immediacy. For more information, visit www.faro.com. Press office: Media@faro.com Virtek Laser FARO Blink Imaging Laser Scanner Virtek Laser Up-close projection technology with a Virtek Laser FARO Blink Imaging Laser Scanner Construction worker scanning with Blink FARO Technologies Contact Data Shelley Gretlein, Senior Vice President, Building Insights FARO Technologies, Inc. +1 407-562-5005 media@faro.com

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