Crane NXT, Co. announced it has signed definitive agreements to acquire a significant stake in Antares Vision S.p.A. with the intent to take the company private. Antares Vision is a global leader in inspection, detection systems, and track & trace software solutions. This transaction advances Crane NXT’s strategy by expanding its portfolio into growing end markets, including Life Sciences and Food & Beverage sectors.
Under the terms, Crane NXT will acquire an approximate 30% stake from Regolo S.p.A. and Sargas S.r.L for approximately €120 million, at a price of €5.00 per share. Following this, Crane NXT will launch a mandatory tender offer for the remaining publicly traded shares at the same price. The total enterprise value for 100% of Antares Vision's equity capital and current net debt is approximately €445 million.
Antares Vision generated approximately €200 million in revenue in the fiscal year ended December 31, 2024, with an adjusted EBITDA margin of approximately 15%. Crane NXT expects the acquisition to be accretive to Adjusted EPS in the first full year and to achieve double-digit ROIC by year five. The overall transaction is expected to close in the first half of 2026, subject to customary closing conditions and regulatory approvals.
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