Date:	--/--/-- --:--:--
Event Id:	E5DAI49Z8
Action Type:	ACQUISITION
Action Status:	ANNOUNCED
Acquirer Symbol:
Target Symbol:	FARO
Updated:	--/--/-- --:--:--
Purchase Price Per Share:	44
Price Per Share Currency:	USD
News References:	https://www.prnewswire.com/news-releases/ametek-to-acquire-faro-technologies-302446644.html

Action Notes

AMETEK, Inc and FARO Technologies, Inc today announced that they have entered into a definitive agreement under which 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. The boards of directors of both companies have unanimously approved the transaction. The closing of the transaction is subject to customary closing conditions, including applicable regulatory approvals. The closing of the transaction is also subject to approval of FARO Technologies shareholders. The transaction is expected to be completed in the second half of 2025.