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FARO Technologies soars on $920 million acquisition by AMETEK

ReutersMay 6, 2025 12:38 PM
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Shares of 3D measurement software maker FARO Technologies FARO.O jump 36% to $42.80 in premarket trading

FARO jumps on agreement with industrial tools maker AMETEK AME.N; AME to buy FARO for $44 per share in cash

Offer price represents a 40% premium to FARO's last closing level

Offer values FARO at $920 million on an enterprise basis

AME shares trading marginally higher before the bell

FARO up 24% so far this year, as of last close

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