Crane NXT has agreed to purchase a substantial stake in Antares Vision, an Italian specialist in inspection systems, detection equipment, and track and trace software. Under the transaction, Crane NXT will acquire roughly 30 percent of Antares Vision’s shares from major shareholders at a per-share price of €5.00, representing a total investment of approximately €120 million.
Once this initial stake is secured, Crane NXT will launch a mandatory tender offer to acquire all remaining publicly traded shares at the same price, positioning Antares Vision to become a private subsidiary.
Antares Vision brings a suite of technologies designed to safeguard product quality and authenticity from the factory floor to the consumer. Its hardware platforms verify product integrity through high-speed cameras and advanced sensors, while its software creates end-to-end visibility of items as they move through supply chains. This combined expertise has already made Antares Vision a leading partner for pharmaceutical manufacturers seeking to meet strict serialization rules and for food and beverage producers aiming to prevent counterfeiting and ensure safety compliance.
The acquisition aligns with Crane NXT’s broader strategic goal of growing its presence in fast-expanding markets. By integrating Antares Vision’s capabilities into its existing portfolio, Crane NXT will be able to offer an expanded range of detection and authentication solutions explicitly tailored to life sciences and food and beverage customers. The expanded business will encompass global sales, installation services, and ongoing maintenance support, backed by Crane NXT’s established network of over 5,000 employees worldwide.
Financially, Antares Vision generated around €200 million in revenue during the fiscal year ending December 2024, with an adjusted EBITDA margin of around 15%. Crane NXT expects the combined business to deliver positive earnings contribution in the first full year after closing and to achieve a double-digit return on invested capital within five years. Those forecasts are based on projected growth in end markets, cross-selling opportunities, and cost synergies from shared operations and procurement.
Completion of the deal remains subject to customary closing conditions and regulatory approvals, with a target closing window in the first half of 2026.
Advisors: Goldman Sachs is acting as Crane NXT’s financial advisor, Goldman Sachs Bank USA will be providing committed financing for the transaction, and PedersoliGattai and Davis Polk & Wardwell are serving as Crane NXT’s legal counsel. J.P. Morgan is serving as financial advisor and BonelliErede is serving as legal counsel for Regolo and certain senior executives of Antares Vision.
KEY QUOTES:
“The acquisition of Antares Vision is an excellent strategic fit to Crane NXT, reinforcing our commitment to provide trusted technology solutions that secure, detect and authenticate our customers’ most valuable assets. As regulatory demands increase and counterfeiting continues to grow, there is a heightened need for sophisticated inspection and detection equipment and track & trace software to ensure products are authentic. This acquisition broadens our technology portfolio and positions Crane NXT well in end markets aligned to secular tailwinds.”
Aaron W. Saak, Crane NXT’s President and Chief Executive Officer
“We are excited to join Crane NXT and contribute to its growth strategy. This transaction will further enable us to provide innovative technology solutions that create significant value for our customers.”
Emidio Zorzella, Chairman of Antares Vision
