FARO Technologies Surges 5727.44% in Trading Volume to Rank 193rd as AMETEK Announces $920 Million Acquisition

On May 6, 2025, FARO Technologies saw a significant surge in trading volume, with a turnover of $432 million, marking a 5727.44% increase from the previous day. This substantial rise placed FARO at the 193rd position in the day's trading rankings. The stock price of FARO Technologies rose by 34.69%, marking the fourth consecutive day of gains, with a cumulative increase of 44.03% over the past four days.

AMETEK, Inc. has announced a definitive agreement to acquire all outstanding shares of FARO Technologies, Inc. The acquisition is valued at approximately $920 million, with AMETEK offering $44 per share in cash. This represents a 40% premium over FARO's closing price on May 5, 2025. The transaction is expected to be completed in the second half of 2025.

FARO Technologies, known for its 3D measurement and imaging solutions, generated approximately $340 million in sales in 2024. The acquisition will enhance AMETEK's precision technology portfolio, particularly in the electronic instruments division, which serves sectors such as aerospace, medical, research, power, and industrial markets.

AMETEK's recent financial performance has been robust, with the company exceeding Wall Street estimates for first-quarter profit. This acquisition is seen as a strategic move to leverage AMETEK's substantial U.S. manufacturing footprint and broaden its customer base, especially in light of tariff-led market uncertainties.