Q1 was an inflection point for FARO, with increasing traction from refreshed products, coupled with the introduction of new solutions and the signing of two impactful partnerships contributing to 6% year-over-year net orders growth.
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Velo3D, a leader in additive manufacturing (AM) technology known for transforming aerospace and defense supply chains through world-class metal AM, has announced a five-year, $15 million master services agreement (MSA) with Momentus, Inc.
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PI (Physik Instrumente), a leader in precision motion control and nanopositioning systems, has announced progress in the construction of its new production facility in Shrewsbury, Massachusetts. This strategic expansion underscores PI’s commitment to mitigating import tariffs and aligning production and support services closer to its U.S. customer base.
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Restor3d, a leader in 3D printed, personalized orthopedic implant care, has announced the successful completion of capital raising efforts totaling $38 million. These funding rounds included participation from both existing and new private investors, including Summers Value Partners.
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IndySoft, a leader in calibration and asset management software, has announced the acquisition of its UK distributor, IndySoft Europe Ltd.
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Nano Dimension has announced the completion of its acquisition of Desktop Metal, Inc., establishing a global leader in innovative disruptive systems, software, and materials for high-value, high-performance electronics, mechanical, and medical applications. The transaction, valued at $179.3 million was finalized following receipt of all necessary regulatory approvals and satisfaction of customary closing conditions.
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Kitov Systems, Inc. a pioneer in robotic inspection solutions, has announced its rebranding as Kitov AI, Inc. This strategic move reflects the company’s evolution into an AI solutions-oriented software tool provider, emphasizing its advanced AI capabilities in dynamic path planning and defect discovery for manufacturing industries.
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Hexagon AB has announced the appointment of Andreas Renulf as President of its Manufacturing Intelligence division, effective 1 May 2025. Andreas will report directly to Norbert Hanke, interim President and CEO, Hexagon.
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FourJaw Manufacturing Analytics has embarked on the next phase of its growth journey by moving to a new headquartersat Pennine Five in Sheffield City Centre.
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3D Systems has announced the successful completion of the sale of its Geomagic software portfolio to the Manufacturing Intelligence Division of Hexagon, a global leader in digital reality solutions, for $123 million before working capital adjustments and following the satisfaction of customary regulatory approvals and closing conditions.
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