Frankfurt/London – AMETEK, Inc. (NYSE: AME) and FARO Technologies, Inc. (Nasdaq: FARO) have entered into a definitive agreement under which AMETEK will acquire all outstanding shares of FARO Technologies. The transaction values FARO at an enterprise value of approximately USD 920 million. The boards of directors of both companies have unanimously approved the transaction. The closing of the transaction is subject to customary conditions, including applicable regulatory approvals. The transaction is expected to be completed in the second half of 2025. FARO's imaging solutions are to be used to strategically expand AMETEK's presence particularly in attractive growth markets.
A team headed by lead partner Dr Heike Wagner and Dr Reiner Thieme (both CMS Frankfurt) advised AMETEK on the complex transaction alongside Troutman Pepper Locke, which was responsible for the US aspects. The CMS team was responsible for all relevant legal issues within the acquisition with the involvement of 16 CMS offices and multiple World Law Group firms for jurisdictions in 25 countries (excluding the US).
AMETEK is a long-standing CMS client. The US company is the world's leading provider of industrial technology solutions. AMETEK serves a large number of attractive niche markets and most recently generated annual sales of around USD 7.0 billion.
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