AMETEK Stock Movement Summary AMETEK announced a $920 million acquisition of FARO Technologies. Under the agreement, AMETEK is offering $44 per share in cash, representing approximately a 40% premium to FARO's last closing price. FARO Technologies produces 3D measurement and imaging solutions, including portable measurement arms, laser scanners, and trackers. The company generated approximately $340 million in revenue. In related news, AMETEK's fourth quarter showed continued momentum with strong sales and order growth. CEO Dave Zapico highlighted robust performance across both the Electronic Instruments and Electromechanical segments. Management noted a record backlog, disciplined pricing actions, and a refreshed product portfolio supporting profitability. Recent acquisitions contributed notably to revenue expansion.
Read full analysisAMETEK Stock Movement Summary AMETEK announced a $920 million acquisition of FARO Technologies. Under the agreement, AMETEK is offering $44 per share in cash, representing approximately a 40% premium to FARO's last closing price. FARO Technologies produces 3D measurement and imaging solutions, including portable measurement arms, laser scanners, and trackers. The company generated approximately $340 million in revenue. In related news, AMETEK's fourth quarter showed continued momentum with strong sales and order growth. CEO Dave Zapico highlighted robust performance across both the Electronic Instruments and Electromechanical segments. Management noted a record backlog, disciplined pricing actions, and a refreshed product portfolio supporting profitability. Recent acquisitions contributed notably to revenue expansion.
AMETEK is a diversified industrial manufacturer of electronic instruments and electromechanical devices, serving markets including aerospace, defense, medical, and process industries. The company is a serial acquirer, frequently bolting on specialty technology businesses — its latest target, FARO Technologies, adds 3D measurement and imaging solutions to its portfolio.