Image courtesy FARO
FARO Technologies has acquired UK-based GeoSLAM, a provider of mobile scanning solutions that use proprietary simultaneous localisation and mapping (SLAM) software to create 3D digital twins.
“We are thrilled to add GeoSLAM’s handheld 3D scanning technology to our portfolio of cutting-edge data capture solutions,” said Michael Burger, FARO President and CEO, adding that the combination of the companies’ technologies “will allow customers to access multiple 4D data sources for visualisation and analysis through a single user experience”.
“Joining with FARO represents the next step in the growth of GeoSLAM and the establishment of mobile mapping as a driver for growth in the way businesses map and understand their spaces,” added Andy Parr, GeoSLAM CEO.
“Both companies share a vision of the importance of mobile scanning in the burgeoning digital reality capture market.”
The acquisition saw GeoSLAM shareholders receive a cash payment of £22.0 million and 495,562 shares of FARO stock.
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