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New Deal


Announced

Completed

FARO Technologies completed the acquisition of ATS.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Sweden

Private

Friendly

Software

Acquisition

3D digital solutions

Majority

Completed

Synopsis

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FARO Technologies, a provider of 3D measurement, imaging and realization solutions, completed the acquisition of Advanced Technical Solutions, a Swedish-based provider of 3D digital twin solution technology. Financial terms were not disclosed. "We believe this acquisition enables FARO with differentiated accuracy and speed, which we believe will accelerate the adoption of digital twin technology. High accuracy 3D digital twin simulations allow capital intensive industries such as automotive and aerospace to meaningfully reduce their time to market and cost. I welcome the ATS team into FARO and believe they will help accelerate our strategic objective of increasing cloud based subscription offerings in this sizable market," Michael Burger, FARO Technologies President & CEO.

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