Ametek completes acquisition of Faro Technologies for $920M

Ametek (AME) has completed its acquisition of Faro Technologies (FARO) for $44.00 per share in cash, or approximately $920M, net of cash acquired. The completion of the transaction follows approval from Faro shareholders and the receipt of all regulatory approvals. As a result of the completion of the merger, the common stock of Faro will no longer be listed for trading on Nasdaq. Faro joins Amtek as part of its Ultra Precision Technologies Division within Amtek’s Electronic Instruments Group. Faro had annual sales of approximately $340M.