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.
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