M&A Deal Summary

FARO Acquires SpatialMetrix

On January 18, 2002, FARO acquired electrical equipment company SpatialMetrix for 7M USD

Acquisition Highlights
  • This is FARO’s 1st transaction in the Electrical Equipment sector.
  • This is FARO’s 3rd largest (disclosed) transaction.
  • This is FARO’s 1st transaction in the United States.
  • This is FARO’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2002-01-18
Target SpatialMetrix
Sector Electrical Equipment
Buyer(s) FARO
Deal Type Add-on Acquisition
Deal Value 7M USD

Target

SpatialMetrix

Kennett Square, Pennsylvania, United States
SMX is a manufacturer and supplier of laser trackers, metrology software and contract inspection services.

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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 1 of 14
Sector (Electrical Equipment) 1 of 2
Type (Add-on Acquisition) 1 of 13
State (Pennsylvania) 1 of 1
Country (United States) 1 of 7
Year (2002) 1 of 1
Size (of disclosed) 3 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-30 Dimensional Photonics International - Global Technology Rights

Wilmington, Massachusetts, United States

Dimensional Photonics International, Inc. - Global Technology Rights is a provider of IT solutions.

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