FARO announced that it has made a strategic minority investment in present4D GmbH, a software solutions provider for professional virtual reality (VR) presentations and training environments.
present4D’s VR-Suite solution leverages 360° videos and 360° pictures to incorporate point of interest icons, links, audio and objects to provide an immersive VR experience for a variety of business applications. The intuitive concept and functionality of VR-Suite is complementary in combination with FARO’s VR-enabled solutions SCENE 7.1 and FARO Zone 3D 2018.
Reed Smith LLP with its offices in Frankfurt and Chicago acted as legal advisor to FARO on the transaction and present4D was advised by Hogan Lovells. Further details of the transaction were not disclosed.
About FARO
FARO is the source for 3D measurement, imaging and realization technology. The company develops and markets computer-aided measurement and imaging devices and software for the following vertical markets:
- 3D Factory – High-precision 3D measurement, imaging and comparison of parts and complex structures within production and quality assurance processes and 3D vision for both control and measurement to the manufacturing floor through 3D sensors and custom solutions
- Construction BIM – 3D capture of as-built construction projects and factories to document complex structures and perform quality control, planning and preservation
- Public Safety Forensics – Capture and analysis of on-site real world data to investigate crash, crime and fire, plan security activities and provide virtual reality training for public safety personnel
- Product Design – Capture detailed and precise 3D data from existing products permitting CAD analysis and redesign, after market design and legacy part replication
FARO’s global headquarters is located in Lake Mary, Florida. The Company also has a technology center and manufacturing facility consisting of approximately 90,400 square feet located in Exton, Pennsylvania containing research and development, manufacturing and service operations of our FARO Laser Tracker, FARO Cobalt Array Imager, and Tracer product lines. The Company’s European regional headquarters is located in Stuttgart, Germany and its Asia-Pacific regional headquarters is located in Singapore. FARO has other offices in the United States, Canada, Mexico, Brazil, Germany, the United Kingdom, France, Spain, Italy, Poland, Turkey, the Netherlands, Switzerland, India, China, Malaysia, Thailand, South Korea, Japan, and Australia.
More information is available at www.faro.com.
About present4D
present4D, a full-service virtual reality solutions provider for strategic consultancy, turnkey projects and software development, was founded in 2014 by Markus Prenneis, Thomas Trzaska and Dr. Michael Gerards, bringing with them more than 20 years expertise in multimedia and innovation. With present4D’s unique VR-Suite software, users can easily create their own professional VR presentations for many different business applications without programming knowledge. present4D has implemented more than 100 VR projects at industrial customers worldwide for marketing, trade fairs, company presentations, trainings and other use cases. In 2016 present4D won the SAMSUNG GearVR Killer App contest with the VR-Suite.
More information is available at www.present4D.de.
