M&A Deal Summary

FARO Acquires HoloBuilder

On June 7, 2021, FARO acquired software company HoloBuilder for 34M USD

Acquisition Highlights
  • This is FARO’s 4th transaction in the Software sector.
  • This is FARO’s largest (disclosed) transaction.
  • This is FARO’s 7th transaction in the United States.
  • This is FARO’s 1st transaction in California.

M&A Deal Summary
Date 2021-06-07
Target HoloBuilder
Sector Software
Buyer(s) FARO
Deal Type Add-on Acquisition
Deal Value 34M USD

Target

HoloBuilder

San Francisco, California, United States
website
HoloBuilder is a technology firm that designs, develops, and sells enterprise software, making use of 360° photos, machine vision, and artificial intelligence. HoloBuilder was founded in 2016 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

FARO

Lake Mary, Florida, United States

website

Category Company
Founded 1981
Sector Technology Hardware
Employees1,490
Revenue 346M USD (2022)
DESCRIPTION

FARO is a provider of portable CMMs (coordinate measuring machines) and 3D imaging devices to solve dimensional metrology problems. FARO was incorporated in 1981 and is based in Lake Mary, Florida.

DEAL STATS #
Overall 13 of 14
Sector (Software) 4 of 4
Type (Add-on Acquisition) 12 of 13
State (California) 1 of 1
Country (United States) 7 of 7
Year (2021) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-21 ATS AB

Mölndal, Sweden

ATS AB (Advanced Technical Solutions) engages in 3D digital twin solution technology. ATS has particular success in the automotive space where the firm has agreements in place with several well-known global automotive manufacturers. ATS AB (Advanced Technical Solutions) was founded in 1990 and is based in Mölndal, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 GeoSLAM

Nottingham, United Kingdom

GeoSLAM is a provider of mobile scanning solutions with proprietary high-productivity simultaneous localization and mapping (SLAM) software to create 3D models for use in Digital Twin applications. GeoSLAM was formed in 2012 and is based in Nottingham, United Kingdom.

Buy £22M
Mergr

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