Faro Technologies Acquires Aras 360 in All-Cash Deal
FARO Technologies, which specializes in 3D measurement, imaging, and realization technology, has acquired ARAS 360 Technologies, which specializes in the development of accident and crime reconstruction, simulation and animation software.
The value of the transaction was not announced. It was said to be an all-cash deal.
Founded in 2010 and headquartered in Kamloops, BC, ARAS produces a suite of accident and crime reconstruction software tools that offer advanced graphics, advanced 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,” said Jay Freeland, FARO’s CEO.
Vancouver’s Garibaldi Capital handled the deal.
