Tillkännagivande • Jul 21

AMETEK, Inc. (NYSE:AME) completed the acquisition of FARO Technologies, Inc. (NasdaqGS:FARO).

AMETEK, Inc. (NYSE:AME) entered into an agreement to acquire FARO Technologies, Inc. (NasdaqGS:FARO) for approximately $930 million on May 5, 2025. AMETEK will acquire all outstanding shares of FARO Technologies common stock for $44 per share in cash, which represents an approximate 40% premium to FARO’s closing price on May 5, 2025. The transaction values FARO at an enterprise value of approximately $920 million. If the Merger Agreement is terminated, in certain circumstances related to a breach of the non-solicitation provisions, a Change of Board Recommendation or with respect to the acceptance of a Superior Proposal, then the Company shall pay to Parent a termination fee of approximately $28 million (such amount, the “Termination Fee”). The parties agree that if this Agreement is terminated by the Company pursuant to Section 7.1(h) (Parent Material Breach) as a result of Parent’s breach of Section 5.5 with respect to its efforts to obtain HSR Clearance or by the Company or Parent pursuant to Section 7.1(d) (Outside Date), at a time when the Company could have terminated this Agreement pursuant to Section 7.1(h) (Parent Material Breach) as a result of Parent’s breach of Section 5.5 with respect to its efforts to obtain HSR Clearance, then Parent shall pay to the Company within two Business Days following such termination, approximately $28 million (the “Parent Termination Fee”). The Merger Agreement requires that, prior to the Effective Time, among other things, the Company deliver to U.S. Bank Trust Company, National Association, as trustee, a supplemental indenture to the Indenture, dated as of January 24, 2023, between the Company and the trustee (the “Indenture”), to be effective upon the Effective Time (the “Supplemental Indenture”), providing, among other things, that at and after the Effective Time, each holder of the Company’s 5.50% Convertible Senior Notes due 2028 (the “Convertible Notes”) will have the right to convert their respective Convertible Notes into cash in an amount, per $1,000 principal amount of such Convertible Note being converted, equal to the product of (i) the Conversion Rate (as such term is defined in the Indenture and including any increase thereto required under the Indenture) and (ii) the amount of the Merger Consideration, pursuant to the terms of the Indenture. The closing of the Merger is subject to various closing conditions, including (i) approval of the Merger Agreement, including the Merger, by holders of a majority of the Shares then outstanding and entitled to vote thereon (the “Company Shareholder Approval”), (ii) the expiration or early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Clearance”), and the receipt of approvals of governmental entities in certain specified foreign jurisdictions pertaining to competition, (iii) the absence of any law or order restraining, enjoining or prohibiting the consummation of the Merger that is continuing and remains in effect, and (iv) the accuracy of the other party’s representations and warranties contained in the Merger Agreement (subject to customary materiality qualifications), and the other party’s compliance in all material respects with its covenants and agreements contained in the Merger Agreement. In addition, Parent’s obligation to consummate the Merger is subject to the absence of any Company Material Adverse Effect (as defined in the Merger Agreement) occurring after the date of the Merger Agreement and continuing with respect to the Company. The closing of the Merger is not subject to a financing condition. The boards of directors of both companies have unanimously approved the transaction. The transaction is expected to be completed in the second half of 2025. As of July 15, 2025, FARO Technologies shareholders approved the transaction. Evercore Group L.L.C. acted as financial advisor and fairness opinion provider to FARO Technologies. Deborah L. Spranger, Steven Khadavi, Erica Stalnecker Wilson, Wallace Bao, Jeffery R. Banish, Michael K. Jones, J. Bradley Boericke and Barbara T. Sicalides of Troutman Pepper Locke LLP acted as legal advisors to AMETEK Inc. Heike Wagner, Reiner Thieme and Troutman Pepper Locke of CMS also served as legal counsel to AMETEK on the non-U.S. aspects of this deal. Jonathan Witt, Gregory Neppl, Leigh Riley, Garrett Bishop, Omar Lucia, Sara Gangel and Christopher Terris of Foley & Lardner LLP acted as legal advisors to FARO Technologies. Roy Tannenbaum and Philip Richter of Fried Frank acted as counsel to Evercore. MacKenzie Partners, Inc. acted as information agent to FARO. FARO will pay MacKenzie a fee of $15000. Equiniti Trust Company, LLC acted as transfer agent to FARO. FARO has agreed to pay Evercore a fee for its services in the aggregate amount of approximately $15.6 million, of which $2.0 million was payable upon delivery of Evercore’s opinion and is fully creditable against any fee payable upon the consummation of the Merger and approximately $13.6 million of which will be payable contingent upon the consummation of the Merger. Robert W. Baird & Co. Incorporated, Investment Banking Arm acted as financial advisor to AMETEK, Inc. AMETEK, Inc. (NYSE:AME) completed the acquisition of FARO Technologies, Inc. (NasdaqGS:FARO) on July 21, 2025. FARO joins AMETEK as part of its Ultra Precision Technologies Division within AMETEK’s Electronic Instruments Group. The completion of the transaction follows approval from FARO shareholders and the receipt of all regulatory approvals. As a result of the completion of the merger, the common stock of FARO will no longer be listed for trading on Nasdaq.

Tillkännagivande • May 05

+ 1 more update

Faro Technologies, Inc. Announces CEO Changes

FARO Technologies, Inc. announced that its President and Chief Executive Officer, Michael Burger, has informed the Company that he intends to retire as President and Chief Executive Officer of the Company, with the retirement to be effective July 1, 2023. The Company and Mr. Burger intend to enter a transition agreement relating to Mr. Burger’s retirement and continuing service as an advisor to the Company for a period of time thereafter. The Company also announced the appointment of Yuval Wasserman, the Company’s current Chairman of the Board, as the Company’s Executive Chairman, effective May 4, 2023. As of such date, Mr. Wasserman will be, on an interim basis, the most senior executive officer of the Company, and the Company’s principal executive officer for purposes of the rules and regulations of the Securities and Exchange Commission. Mr. Burger will report to Mr. Wasserman in this role. Upon Mr. Burger’s retirement, Mr. Wasserman will also assume the role of Interim Chief Executive Officer. Mr. Wasserman, 68, has served as a director of the Company since December 2017 and as Chairman of the Board since June 2022. Currently, Mr. Wasserman serves as a director of Ichor Holdings Ltd., a leader in the design, engineering and manufacturing of critical fluid delivery subsystems and components for semiconductor capital equipment. Mr. Wasserman served as President and Chief Executive Officer and a director of Advanced Energy Industries, Inc., a leading manufacturer of power conversion products that transform electrical power into various usable forms, from October 2014 until his retirement date of March 1, 2021. Mr. Wasserman previously served as President of Advanced Energy Industries’ Thin Films Business Unit from August 2011 to October 2014 and Executive Vice President and Chief Operating Officer from April 2009 to August 2011. He previously held roles at Advanced Energy Industries of Executive Vice President, Sales, Marketing and Service from October 2007 to April 2009, and Senior Vice President, Sales, Marketing and Service from August 2007 to October 2007. Prior to joining Advanced Energy Industries, Mr. Wasserman served as the President, and later as Chief Executive Officer, of Tevet Process Controls Technologies, Inc., a semiconductor metrology company, from May 2002 to July 2007. Prior to that, he held senior executive and general management positions at Boxer Cross, a metrology company acquired by Applied Materials, Inc., Fusion Systems, a plasma strip company that is a division of Axcelis Technologies, Inc. and AG Associates, a semiconductor capital equipment company focused on rapid thermal processing. Mr. Wasserman started his career at National Semiconductor, Inc., where he held various engineering and management positions. Mr. Wasserman served as a director of Syncroness, Inc. from 2010 to 2017. His qualifications to serve as Executive Chairman include his strong experience and skills as a chief executive officer, in senior operations and engineering management, executive and financial management, and research and development management.

Total avkastning till aktieägarna	1.2%
Framtida utdelningsavkastning	0%
Utdelningstillväxt	n/a
Nästa utbetalningsdag för utdelning	n/a
Ex utdelningsdag	n/a
Utdelning per aktie	n/a
Utdelningsandel	n/a

Segment	Utdelningsavkastning
Företag (FARO)	n/a
Marknadens lägsta 25% (US)	1.4%
Marknad Topp 25% (US)	4.3%
Genomsnitt för branschen (Electronic)	0.7%
Prognosanalytiker (FARO) (upp till 3 år)	0%

Uppgifter	Senast uppdaterad (UTC-tid)
Analys av företag	2025/07/21 22:21
Aktiekurs vid dagens slut	2025/07/18 00:00
Intäkter	2025/03/31
Årlig intjäning	2024/12/31

Paket	Uppgifter	Tidsram	Exempel US-källa
Företagets finansiella ställning	10 år	Resultaträkning Kassaflödesanalys Balansräkning	SEC Form 10-K SEC Form 10-Q
Analytikernas konsensusuppskattningar	+3 år	Prognos för finansiella poster Analytikernas prismål	Rapporter från analytiker Blue Matrix
Marknadspriser	30 år	Aktiekurser Utdelningar, splittar och åtgärder	ICE Marknadsdata SEC Form S-1
Ägarskap	10 år	Största aktieägare Insiderhandel	SEC Formulär 4 SEC Formulär 13D
Förvaltning	10 år	Ledningsgrupp Styrelse och verkställande direktörer	SEC Form 10-K SEC Form DEF 14A
Viktiga utvecklingstendenser	10 år	Företagsmeddelanden	SEC Formulär 8-K

Analytiker	Institution
Robert Mason	Baird
Andrew DeGasperi	Berenberg
Robert Burleson	Canaccord Genuity

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Recent updates

FARO Technologies, Inc. Announces Cessation of Directors

AMETEK, Inc. (NYSE:AME) completed the acquisition of FARO Technologies, Inc. (NasdaqGS:FARO).

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CEO, President & Director recently sold US$135k worth of stock

CEO, President & Director notifies of intention to sell stock

Consensus EPS estimates increase from loss to US$0.01 profit, revenue downgraded

Full year 2024 earnings: EPS misses analyst expectations

FARO Technologies, Inc. Provides Earnings Guidance for the First Quarter Ending March 31, 2025

FARO Technologies, Inc. to Report Q4, 2024 Results on Feb 24, 2025

Independent Chairman of the Board recently sold US$177k worth of stock

Independent Chairman of the Board notifies of intention to sell stock

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Price target increased by 25% to US$35.00

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Price target increased by 10% to US$27.00

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Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Independent Chairman of the Board notifies of intention to sell stock

FARO Technologies, Inc. to Report Q3, 2024 Results on Nov 06, 2024

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Price target decreased by 7.1% to US$26.00

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

FARO Technologies, Inc. Provides Earnings Guidance for the Third Quarter of 2024

Independent Chairman of the Board notifies of intention to sell stock

CEO, President & Director recently sold US$183k worth of stock

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FARO Technologies, Inc. to Report Q2, 2024 Results on Aug 08, 2024

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Independent Chairman of the Board recently sold US$335k worth of stock

FARO Technologies, Inc., Annual General Meeting, Jun 13, 2024

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

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FARO Technologies, Inc. to Report Q1, 2024 Results on May 01, 2024

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Executive Officer notifies of intention to sell stock

FARO Technologies, Inc. Provides Earnings Guidance for the First Quarter Ending March 31, 2024

Full year 2023 earnings: EPS exceeds analyst expectations

FARO Technologies, Inc. to Report Q4, 2023 Results on Feb 27, 2024

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Price target decreased by 19% to US$25.50

Lead Independent Director recently bought US$515k worth of stock

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

FARO Technologies, Inc. Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2023

Now 20% undervalued after recent price drop

FARO Technologies, Inc. to Report Q3, 2023 Results on Nov 01, 2023

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Price target increased by 11% to US$31.33

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Consensus EPS estimates fall by 20%

New major risk - Share price stability

Is FARO Technologies (NASDAQ:FARO) Using Debt In A Risky Way?

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Faro Technologies, Inc. Provides Earnings Guidance for the Third Quarter 2023

FARO Technologies, Inc. to Report Q2, 2023 Results on Aug 02, 2023

FARO Technologies, Inc. Appoints Peter Lau as President, Effective July 24, 2023

Lead Independent Director recently bought US$269k worth of stock