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  5. FARO Acquires GeoSLAM

M&A Deal Summary

FARO Acquires GeoSLAM

On September 1, 2022, FARO acquired information technology company GeoSLAM for 22M GBP

Acquisition Highlights
  • This is FARO’s 4th transaction in the Information Technology sector.
  • This is FARO’s largest (disclosed) transaction.
  • This is FARO’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2022-09-01
Target GeoSLAM
Sector Information Technology
Buyer(s) FARO
Deal Type Add-on Acquisition
Deal Value 22M GBP

Target

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.

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Buyer(S) 1

Buyer

FARO

Lake Mary, Florida, United States
Category Company
Founded 1981
Sector Technology Hardware
Employees1,181
Revenue 342M USD (2024)
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 14 of 14
Sector: Information Technology M&A 4 of 4
Type: Add-on Acquisition M&A Deals 13 of 13
Country: United Kingdom M&A 1 of 1
Year: 2022 M&A 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-07 HoloBuilder

San Francisco, California, United States

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.

Buy $34M
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