FARO Acquires kubit, Global Leader in Surveying Software
All-cash deal also includes substantially all of kubit’s U.S. distributor
FARO Technologies, Inc., a worldwide source for 3D measurement, imaging and realization technology, announced today the acquisition of kubit GmbH, a global leader in the development of software for surveying and as-built documentation. The acquisition also includes substantially all of the assets of the U.S. distributor kubit USA, Inc.
|PointSense Plant software by kubit is used to extract piping and structural models in AutoCAD for a petrochemical facility scanned using FARO Focus 3D.|
Located in Dresden, Germany, kubit has been developing field-proven software products to enable and simplify the use of real-world objects in CAD applications since 1999. Initially launched to link total stations directly to AutoCAD, kubit is today an industry leader in providing tools to integrate 3D laser scan data with CAD environments, such as Autodesk Revit and AutoCAD. The kubit software is hardware-independent, giving customers the flexibility to utilize any hardware offering, thus ensuring maximum productivity. The kubit software is used in a large number of applications, including but not limited to:
- Building Information Modeling (BIM)
- Plant survey
- Built heritage conservation
- Facility management
- Interior outfitting
- Police and security forces
“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,” said Jay Freeland, FARO’s president and chief executive officer. “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.”
The all-cash transaction includes an initial payment, as well as future earnout payments.
FARO develops and markets computer-aided measurement and imaging devices and software. Technology from FARO permits high-precision 3D measurement, imaging and comparison of parts and complex structures within production and quality assurance processes. The devices are used for inspecting components and assemblies, rapid prototyping, documenting large volume spaces or structures in 3D, surveying and construction, as well as for investigation and reconstruction of accident sites or crime scenes. The company's global headquarters is located in Lake Mary, Fla.; its European regional headquarters is in Stuttgart, Germany; and its Asia/Pacific regional headquarters is in Singapore. FARO has other offices in the U.S., Canada, Mexico, Brazil, Germany, the United Kingdom, France, Spain, Italy, Poland, Turkey, the Netherlands, Switzerland, Portugal, India, China, Malaysia, Vietnam, Thailand, South Korea and Japan.