Thursday, August 27, 2020

FARO Acquires ATS AB

Enables Strategic Acceleration in 3D Digital Twin
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Enables Strategic Acceleration in 3D Digital Twin
Digital twin application for automotive

Dear Frank,

As you may have seen in the news, last Friday FARO® announced that the Company has acquired Advanced Technical Solutions in Scandinavia AB ("ATS"), a Swedish-based leader in 3D digital twin solution technology.

I wanted to write you directly and convey how excited we are about this acquisition and what it means for the future of FARO and cloud-based offerings. This strategic action will enable customers and their clients with differentiated accuracy and speed, which we believe will accelerate market adoption of digital twin technology. High accuracy 3D digital twin simulations allow capital intensive industries to dramatically reduce their time to market and cost.

Founded in 1990, ATS has had particular success in the automotive space where the firm has agreements in place with several well-known global automotive manufacturers. The acquisition will integrate ATS software and its proprietary Traceable 3D system, which enable highly accurate and repeatable 3D scans, into the FARO Webshare Cloud platform. The ATS system will bolster FARO's ability to improve customers' time to decision with 10x faster 3D imaging at up to 1mm accuracy and thus has significant implications for all the industries we serve.

The ATS facility in Sweden will also serve as a new FARO sales and customer support center in the Nordic region. You can expect to hear more details soon about the integration of ATS from your sales partners.

Best Regards,

Michael Burger | President & CEO  

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