M&A Deal Summary

FARO Acquires Laser Projection Technologies

On August 29, 2016, FARO acquired electrical equipment company Laser Projection Technologies

Acquisition Highlights
  • This is FARO’s 2nd transaction in the Electrical Equipment sector.
  • This is FARO’s 4th transaction in the United States.
  • This is FARO’s 1st transaction in New Hampshire.

M&A Deal Summary
Date 2016-08-29
Target Laser Projection Technologies
Sector Electrical Equipment
Buyer(s) FARO
Deal Type Add-on Acquisition

Target

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.

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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 7 of 14
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 6 of 13
State (New Hampshire) 1 of 1
Country (United States) 4 of 7
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-12 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-12 MWF-Technology

Wendel, Germany

MWF-Technology GmbH is a provider of mobile Augmented Reality (AR) solutions to aerospace and automotive companies. This solution includes both an innovative compression software tool for converting 3D CAD data into a mobile format, enabling intuitive navigation through the 3D data, and a hardware kit that includes a 3D ready iPad and alignment tools.

Buy -
Mergr

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