FARO Acquires ATS AB
November 1, 2020
FARO has announced that it has acquired Advanced Technical Solutions in Scandinavia AB (ATS), a Swedish-based provider of 3D digital twin solution technology.
"This strategic action will enable customers and their clients with differentiated accuracy and speed, which will accelerate market adoption of digital twin technology," said a spokesperson. "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 global automotive manufacturers. The acquisition will integrate ATS software and its proprietary Traceable 3D system, which enables 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 1 mm accuracy and thus has significant implications for all the industries the company serves.
For more information contact:
FARO Technologies, Inc.
250 Technology Park
Lake Mary, FL 32746
800-736-0234
www.faro.com
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