AMETEK to acquire FARO Technologies for $920m.

AMETEK, a global provider of industrial technology solutions, agreed to acquire FARO Technologies, a provider of measurement devices, for $920m. "FARO is an outstanding acquisition for AMETEK and an excellent strategic fit with our Ultra Precision Technologies division. FARO's differentiated 3D metrology and imaging solutions expand our presence in attractive growth markets. Its strong brand, global customer base, employees and technology capabilities complement our existing Creaform business and provide compelling opportunities for growth and margin expansion," David A. Zapico, AMETEK Chairman and CEO.