FARO Technologies completed the acquisition of ATS.

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.