FARO Technologies’ $34 Million Acquisition of HoloBuilder

Wilmer Cutler Pickering Hale and Dorr LLP advised HoloBuilder, Inc. on the deal.

HoloBuilder, Inc., a German-American construction technology-startup, announced its acquisition by FARO Technologies, Inc., a global leader of 3D measurement, imaging, and realization solutions for the 3D Metrology, AEC (Architecture, Engineering & Construction) and Public Safety Analytics markets, for $34 million. HoloBuilder brings to FARO its leading photogrammetry-based 3D platform, which delivers hardware agnostic image capture, registration and viewing to the fast-growing Digital Twin market. HoloBuilder has substantial business operations in Germany through its subsidiary, bitstars GmbH. With an initial focus on Construction Management, HoloBuilder’s technology platform provides general contractors a solution to efficiently capture and virtually manage construction progress using off-the-shelf 360° cameras. The transaction closed on June 4, 2021.

The WilmerHale team representing HoloBuilder was led by Daniel Zimmermann (Picture), Molly Holsinger, Dimitry Lensky, and Frank Wang. Julie Hogan Rodgers and Ben Kelsey advised on tax matters; Kimberly B. Wethly, Scott Kilgore, Andrew Stauber, Julie Murphy, Chris J. Shin and Michael Lenzi advised on executive compensation and employment matters; Ashwin Gokhale advised on intellectual property; Douglas L. Burton advised on real estate; Chalyse Robinson advised on debt-related matters; Peggy Otum advised on environmental matters; Dr. Oliver Fleischmann, Vincent Pál and Edward W. Sharon advised on various regulatory matters; and Dr. Golo Weidman and Tobias Henn generally advised on Germany-related aspects of the transaction.

Involved fees earner: Douglas Burton – WilmerHaleWilmer Cutler Pickering Hale and Dorr; Oliver Fleischmann – WilmerHaleWilmer Cutler Pickering Hale and Dorr; Frank Wang – WilmerHaleWilmer Cutler Pickering Hale and Dorr; Ashwin Gokhale – WilmerHaleWilmer Cutler Pickering Hale and Dorr; Tobias Henn – WilmerHaleWilmer Cutler Pickering Hale and Dorr; Julie Hogan Rodgers – WilmerHaleWilmer Cutler Pickering Hale and Dorr; Benjamin Kelsey – WilmerHaleWilmer Cutler Pickering Hale and Dorr; Scott Kilgore – WilmerHaleWilmer Cutler Pickering Hale and Dorr; Dimitry Lensky – WilmerHaleWilmer Cutler Pickering Hale and Dorr; Michael Lenzi – WilmerHaleWilmer Cutler Pickering Hale and Dorr; Molly Holsinger – WilmerHaleWilmer Cutler Pickering Hale and Dorr; Julie Murphy – WilmerHaleWilmer Cutler Pickering Hale and Dorr; Peggy Otum – WilmerHaleWilmer Cutler Pickering Hale and Dorr; Vincent Pál – WilmerHaleWilmer Cutler Pickering Hale and Dorr; Chalyse Robinson – WilmerHaleWilmer Cutler Pickering Hale and Dorr; Edward Sharon – WilmerHaleWilmer Cutler Pickering Hale and Dorr; Christopher Shin – WilmerHaleWilmer Cutler Pickering Hale and Dorr; Andrew Stauber – WilmerHaleWilmer Cutler Pickering Hale and Dorr; Kimberly Wethly – WilmerHaleWilmer Cutler Pickering Hale and Dorr; Daniel Zimmermann – WilmerHaleWilmer Cutler Pickering Hale and Dorr;

Law Firms: WilmerHaleWilmer Cutler Pickering Hale and Dorr;

Clients: HoloBuilder, Inc.;

Author: Martina Bellini