3D measurement and imaging company, FARO Technologies, Inc., has announced the acquisition of two companies in the last week: ARAS 360 Technologies Inc., a developer of accident and crime reconstruction, simulation and animation software; and kubit GmbH, a developer of software for surveying and as-built documentation. The acquisition also includes substantially all of the assets of its U.S. distributor kubit USA, Inc.
Founded in 2010 and headquartered in Kamloops, British Columbia, ARAS 360 produces a full suite of accident and crime reconstruction software tools that offer graphics, analytical tools, and the ability to work with large point cloud data sets from 3D laser scanners.
“The acquisition of ARAS 360 will help FARO create a complementary suite of integrated 3D documentation product offerings for our law enforcement customers,” stated Jay Freeland, FARO’s President and CEO. “By adding the ARAS 360 products to our portfolio, along with the product offerings of the FARO CAD Zone, which we acquired last year, customers can now document and analyse any crime or accident scene with the most intuitive and powerful drawing, simulation and animation tools in the market.”
Located in Dresden, Germany, kubit has been developing software products for using real world objects in CAD applications since 1999. Initially launched to link total stations directly to AutoCAD, today kubit provides hardware-independent tools to integrate 3D laser scan data with CAD environments, such as Autodesk Revit and AutoCAD.
kubit software is used in a large number of applications, including: Building Information Modelling (BIM); archaeology; architecture; plant survey; construction; built heritage conservation; facility management; interior outfitting; police and security forces; and surveying.
“The acquisition of kubit is an exciting step in FARO’s strategy to develop integrated, disruptive 3D documentation product offerings for the Architecture, Engineering and Construction market,” stated Mr Freeland. “By adding kubit’s products to our portfolio, customers now have significantly enhanced software options to serve a vast array of point cloud modelling, analysis needs, and measurement capabilities with very high connectivity to the Autodesk suite of products.”
Both all cash transactions include an initial payment as well as future earn out payments.
