FARO completed the acquisition of HoloBuilder from Future Energy Ventures for $34m.

FARO, a 3D measurement, imaging, and realization solutions company, completed the acquisition of HoloBuilder, a German-American start-up specializing in construction management technology, from Future Energy Ventures, a venture capital investment and collaboration platform, for $34m. “The addition of HoloBuilder to our offering accelerates the reality of a true end-to-end Digital Twin solution and advances our strategic objective of increased recurring revenue through market share gains in this large and growing segment," Michael Burger, FARO President and CEO.