FARO Acquires ATS AB To Accelerate In 3D Digital Twin Market

FARO Technologies, Inc. has acquired Advanced Technical Solutions in Scandinavia AB (“ATS”), a Swedish-based leader in 3D digital twin solution technology.

The acquisition will integrate ATS software and proprietary Traceable 3D system, which enables highly accurate and repeatable 3D scans, into the FARO Webshare Cloud platform. ATS’ system connects the physical to the digital world and is expected to bolster FARO’s ability to improve customers’ time to decision with 10x faster 3D imaging at up to 1mm accuracy.

“We believe this acquisition enables FARO with differentiated accuracy and speed, which we believe will accelerate the adoption of digital twin technology. High accuracy 3D digital twin simulations allow capital intensive industries such as automotive and aerospace to meaningfully reduce their time to market and cost,” said Michael Burger, FARO President & CEO.

“I welcome the ATS team into FARO and believe they will help accelerate our strategic objective of increasing cloud based subscription offerings in this sizable market.”

Göran L. Bergqvist, ATS CEO, added, “The ATS team is thrilled to join a 40-year global leader like FARO.  FARO’s technology and market presence provides the spring-board to the market adoption of Traceable 3D.” Bergqvist, who co-founded ATS, will continue to lead the ATS operation. The ATS Swedish facility will also act as a Nordic sales and service center for FARO.

For other exclusive articles, visit www.equipment-news.com.

Check these articles out:

Smart Manufacturing Market to Reach US$573B By 2027

Doosan Robotics Launches New Cobots Including Support For Machine Tools

FARO Offers New Capabilities With CAM2 2020 Software

The versatile machine for large tasks

FARO Launches Latest 3D Portable Gage CMM

Sandvik President And CEO Bjorn Rosengren To Resign, Join ABB

FARO Completes Divestment of Dental, Photonics Businesses

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

FOLLOW US ON: LinkedIn, Facebook, Twitter