FARO Technologies Acquires GeoSLAM

September 1, 2022

FARO Technologies acquired UK-based GeoSLAM, a leader in mobile 3D scanning and SLAM software, in a transaction that closed September 1, 2022. The deal paid GeoSLAM shareholders £22.0 million cash plus 495,562 FARO shares and was funded from FARO’s cash reserves and equity consideration; GeoSLAM reported £14.5 million revenue (FY ended Mar 31, 2022) and ~18% EBITDA.

Buyers
FARO Technologies, Inc.
Targets
GeoSLAM
Sellers
GeoSLAM shareholders
Location
Nottinghamshire, United Kingdom
Transaction Type
Buyout

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