Search Menu
Photonics Media Photonics Marketplace Photonics Spectra BioPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook

Profitable Faro Pushes Further into Law Enforcement

Facebook Twitter LinkedIn Email
LAKE MARY, Fla., Feb. 26, 2015 — Faro Technologies Inc. said its newest laser 3-D scanning products performed well as it closed the books on 2014 and announced a new acquisition.

Yearly sales increased 17.2 percent to $341.8 million. Net income was $33.6 million, up 56.4 percent from $21.5 million in 2013.

Meanwhile, the company earlier this month furthered its movement into the law enforcement market with the $7.7 million acquisition of Aras 360 Technologies Inc. of Kamloops, British Columbia, Canada.

A computer reconstruction of an auto accident scene generated by software from Aras 360 Technologies, which was recently acquired by Faro. Courtesy of Faro.

Aras develops accident and crime reconstruction, simulation and animation software. CEO Jay Freeland said the acquisitions of Aras as well as The CAD Zone will help Faro create a suite of integrated 3-D documentation products.

“In the year ahead, we will continue driving towards our longer term model of mid-teens organic growth, accelerating product innovation, and capitalizing on market opportunities to expand our offerings,” Freeland said.

Faro develops technology for 3-D measurement, imaging and comparison of parts and complex structures within production and quality assurance processes. Its devices are used for inspecting components and assemblies, rapid prototyping, documenting large-volume spaces or structures in 3-D, and surveying and construction.
Feb 2015
The science of measurement, particularly of lengths and angles.
BusinessAmericasFloridaCanadaFaroAras Technologieslasersmetrologylight speed

back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2023 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, [email protected]

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.