Mergers and Acquisitions (M&A): AMETEK, Inc. (NYSE: AME) Acquires FARO Technologies, Inc. for $920 Million
AMETEK has announced the acquisition of FARO Technologies. According to the company announcement AMETEK, Inc. is a leading global provider of industrial technology solutions, serving a diverse range of attractive niche markets. The company, founded in 1930 and listed on the NYSE for over 90 years, is a component of the S&P 500. With annual sales of approximately $7.0 billion, AMETEK focuses on a growth model that integrates operational excellence, technology innovation, global and market expansion, and strategic acquisitions, with an objective of double-digit percentage growth in earnings per share and a superior return on total capital. AMETEK recently completed the acquisition of FARO Technologies, a leader in 3D metrology and digital reality solutions, which will enhance AMETEK’s capabilities in precision measurement and support its expansion into attractive market segments.
To learn more about AMETEK, visit http://www.ametek.com/
Company LinkedIn Page: https://www.linkedin.com/company/ametek/
Company Contact:
David Zapico, Chairman and Chief Executive Officer
610-647-2121
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