FARO Acquires ATS AB
Swedish firm's solution allows strategic acceleration in 3D digital twin market.
Digital Thread News
Digital Thread Resources
August 24, 2020
FARO Technologies, Inc. has acquired Advanced Technical Solutions in Scandinavia AB (ATS), a Swedish-based company in 3D digital twin solution technology.
Founded in 1990, ATS has targeted the automotive space where the firm has agreements in place with several known global automotive manufacturers. The acquisition will integrate ATS software and Traceable 3D system, which enables accurate and repeatable 3D scans into the FARO Webshare Cloud platform, according to the companies. ATS' system is expected to bolster FARO's ability to improve customers' time to decision with faster 3D imaging at up to 1 mm 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,” says Michael Burger, FARO president and CEO.
“FARO's technology and market presence provides the spring-board to the market adoption of Traceable 3D,” says Göran L. Bergqvist, ATS CEO. 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.
Sources: Press materials received from the company and additional information gleaned from the company’s website.
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