FARO Acquires GeoSLAM

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LAKE MARY, Fla., Sept. 12, 2022 — 4D digital reality technology company FARO Technologies has acquired GeoSLAM, a provider of mobile scanning solutions with proprietary high-productivity simultaneous localization and mapping (SLAM) software to create 3D models for use in digital twin applications. Under the terms of the agreement, GeoSLAM shareholders received a cash payment of £22 million (~$25.5 million) and 495,562 shares of FARO stock that is subject to customary lock-up provisions.

The transaction closed Sept. 1, funded with available cash reserves and equity consideration.


Published: September 2022
machine vision
Interpretation of an image of an object or scene through the use of optical noncontact sensing mechanisms for the purpose of obtaining information and/or controlling machines or processes.
The successive analysis or synthesizing of the light values or other similar characteristics of the components of a picture area, following a given method.
Businessmachine visionImagingLasersscanningdigital twinFaro TechnologiesGeoSLAMmobile scanning simultaneous localization and mappingSLAM3Dacquisitionsmergers & acquisitionsAmericasEurope

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