M&A Deal Summary

FARO Acquires BuildIT Software & Solutions

On July 12, 2016, FARO acquired technology hardware company BuildIT Software & Solutions

Acquisition Highlights
  • This is FARO’s 1st transaction in the Technology Hardware sector.
  • This is FARO’s 2nd transaction in Canada.
  • This is FARO’s 1st transaction in Quebec.

M&A Deal Summary
Date 2016-07-12
Target BuildIT Software & Solutions
Sector Technology Hardware
Buyer(s) FARO
Deal Type Add-on Acquisition

Target

BuildIT Software & Solutions

Montreal, Quebec, Canada
BuildIT Software & Solutions Ltd. is a provider of of an in process-configurable 3D metrology software solutions with hardware agnostic interfaces. FARO will introduce the configuration power of the BuildIT software in a new "Your Product, Your Process, Your Solution" campaign aimed at providing major customers with customizable, in-process solutions that integrate metrology devices and sensors from multiple manufacturers.

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Buyer(S) 1

Buyer

FARO

Lake Mary, Florida, United States
Category Company
Founded 1981
Sector Technology Hardware
Employees1,243
Revenue 359M USD (2023)
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 6 of 14
Sector (Technology Hardware) 1 of 4
Type (Add-on Acquisition) 5 of 13
State (Quebec) 1 of 1
Country (Canada) 2 of 2
Year (2016) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-03 kubit

Dresden, Germany

kubit GmbHkubit GmbH is a developer of software for surveying and as-built documentation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-29 Laser Projection Technologies

Londonderry, New Hampshire, United States

Laser Projection Technologies, Inc. is a provider of high-speed, long-range 3D laser projection and measurement systems designed for use in manufacturing applications requiring precise component alignment.

Buy -
Mergr

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