Crane NXT to Acquire Antares Vision, a Global Leader in Inspection, Detection, and Track & Trace Technologies
Crane NXT (NYSE: CXT) has announced a strategic acquisition of Antares Vision, a global leader in inspection, detection, and track & trace technologies. The transaction involves initially acquiring a 30% stake for �120 million at �5.00 per share, followed by a mandatory tender offer for remaining shares at the same price.
The total enterprise value is approximately �445 million. Antares Vision, which generated �200 million in revenue in FY2024 with a 15% adjusted EBITDA margin, will become a Crane NXT subsidiary. The acquisition expands Crane NXT's portfolio into Life Sciences and Food & Beverage sectors, with closing expected in the first half of 2026.
The deal is expected to be accretive to Adjusted EPS in the first full year and achieve double-digit ROIC by year five.
Crane NXT (NYSE: CXT) ha annunciato l'acquisizione strategica di Antares Vision, leader globale in ispezione, rilevazione e tecnologie di track & trace. L'operazione prevede inizialmente l'acquisizione del 30% delle azioni per �120 milioni a �5,00 per azione, seguita da una offerta pubblica di acquisto obbligatoria per le rimanenti azioni al medesimo prezzo.
Il valore d'impresa totale è di circa �445 milioni. Antares Vision, che ha registrato ricavi di �200 milioni nell'FY2024 con un margine EBITDA rettificato del 15%, diventerà una controllata di Crane NXT. L'acquisizione espande il portafoglio di Crane NXT nei settori Life Sciences e Food & Beverage, con chiusura prevista nel primo semestre del 2026.
L'accordo dovrebbe essere accretivo per l'
Crane NXT (NYSE: CXT) ha anunciado una adquisición estratégica de Antares Vision, líder global en inspección, detección y tecnologías de track & trace. La operación comprende inicialmente la adquisición del 30% de las acciones por �120 millones a �5,00 por acción, seguida de una oferta pública de compra obligatoria para el resto de las acciones al mismo precio.
El valor total de empresa es aproximadamente de �445 millones. Antares Vision, que obtuvo �200 millones de ingresos en FY2024 con un margen EBITDA ajustado del 15%, se convertirá en una subsidiaria de Crane NXT. La adquisición amplía el portafolio de Crane NXT a los sectores de Life Sciences y Alimentos y Bebidas, con cierre previsto para la primera mitad de 2026.
Se espera que el acuerdo sea accretivo para el EPS ajustado en el primer a?o completo y alcance un ROIC de dos dígitos para el a?o cinco.
Crane NXT(NYSE: CXT)? Antares Vision? ??? ??? ??????. Antares Vision? ??? ????? ??, ?? ? ?? ??? ???? ????. ??? ?? ?? 5.00??? 120?? ??? ??? 30% ??? ????, ?? ???? ?? ??? ?? ??? ????? ?????.
???? ??? ? �445?????. FY2024? ?? �200??? ?? EBITDA ?? 15%? ??? Antares Vision? Crane NXT? ???? ???. ??? Crane NXT? ?????? ????(Life Sciences) ? ????(Food & Beverage) ???? ????, 2026? ???? ?? ??? ?????.
? ??? ? ?? ??? EPS? ???? 5? ??? ? ??? ROIC? ??? ??? ?????.
Crane NXT (NYSE : CXT) a annoncé une acquisition stratégique d'Antares Vision, leader mondial des technologies d'inspection, de détection et de tra?abilité. La transaction prévoit dans un premier temps l'acquisition de 30 % du capital pour 120 millions d'euros à 5,00 � par action, suivie d'une offre publique d'achat obligatoire sur les actions restantes au même prix.
La valeur d'entreprise totale est d'environ 445 millions d'euros. Antares Vision, qui a généré 200 millions d'euros de revenus en FY2024 avec une marge EBITDA ajustée de 15 %, deviendra une filiale de Crane NXT. L'acquisition étend le portefeuille de Crane NXT dans les secteurs des sciences de la vie et des boissons alimentaires, avec une cl?ture prévue au premier semestre 2026.
L'accord devrait être accréditif sur l'EPS ajusté dès la première année complète et viser un ROIC à deux chiffres d'ici la cinquième année.
Krane NXT (NYSE: CXT) hat eine strategische ?bernahme von Antares Vision angekündigt, einem weltweit führenden Anbieter von Inspektions-, Erkennungs- und Track-and-Trace-Technologien. Die Transaktion sieht zun?chst den Erwerb von 30 % der Anteile für 120 Mio. � zu 5,00 � pro Aktie vor, gefolgt von einem Mandatory Tender Offer für die verbleibenden Aktien zum gleichen Preis.
Der Enterprise Value bel?uft sich auf ca. 445 Mio. �. Antares Vision, das im Gesch?ftsjahr 2024 einen Umsatz von �200 Mio. mit einer bereinigten EBITDA-Marge von 15 % erzielt hat, wird Tochtergesellschaft von Crane NXT. Die ?bernahme erweitert das Portfolio von Crane NXT in die Bereiche Life Sciences und Food & Beverage, mit Abschluss voraussichtlich in der ersten H?lfte 2026.
Die Transaktion dürfte im ersten vollen Jahr zu einer accretive Auswirkung auf das bereinigte EPS führen und bis zum fünften Jahr eine zweistellige ROIC erreichen.
Crane NXT (NYSE: CXT) ????? ?? ??????? ????????? ??? Antares Vision? ?????? ???????? ??????? ?? ?????? ??????? ?????? ????? ??????. ????? ?????? ?? ??????? ????????? ??? 30% ?? ?????? ????? 120 ????? ???? ???? 5.00 ???? ?????? ??? ??? ??? ???? ?????? ????? ?????? ???? ?????.
???? ???? ??????? ????????? ????? 445 ????? ????. Antares Vision? ???? ???? 200 ????? ???? ?? ????????? ?? ????? ??????? 2024 ??????? EBITDA ???? 15%? ????? ???? ????? ?? Crane NXT. ????? ?????? ????? Crane NXT ????? ?????? ???? ?????? ?????????? ????????? ??? ??????? ??????? ?? ????? ????? ?? 2026.
?? ??????? ?? ???? ?????? ?????? ?? EPS ??????? ?? ??? ??? ????? ????? ROIC ??????? ?????? ????? ????? ???????.
Crane NXT（NYSE: CXT）宣布对 Antares Vision 的战略收购，该公司在检验、检测及可追溯技术方面处于全球领先地位。交易初步以每股 5.00 欧元、收购 120 百万欧元来获得 30% 的股份，随后对剩余股份以相同价格发起强制性要约。
公司总价值约为 �445 百万。Antares Vision 在 2024 财年实现 �200 百万 的收入，调整后 EBITDA 利润率为 15%，将成为 Crane NXT 的子公司。此次收购将 Crane NXT 的产物组合扩展至生命科学与食品饮料领域，预计将于 2026 年上半年完成收购。
预计交易在首个完整年度就会对调整后每股收益（Adjusted EPS）产生增厚，并在第五年达到两位数的 ROIC。
- Acquisition expands portfolio into growing Life Sciences and Food & Beverage markets
- Target company generated �200 million in revenue with 15% adjusted EBITDA margin
- Expected to be accretive to Adjusted EPS in first full year
- Projected to achieve double-digit ROIC by year five
- Strengthens position in inspection, detection, and anti-counterfeiting solutions
- Significant capital outlay with �445 million total enterprise value
- Complex multi-step acquisition process with regulatory approvals required
- Extended closing timeline stretching into first half of 2026
Insights
Crane NXT's acquisition of Antares Vision strategically expands into life sciences and food sectors with strong growth potential.
Crane NXT's acquisition of Antares Vision represents a strategic expansion into high-growth markets, particularly life sciences and food & beverage sectors. The deal structure is methodical - first acquiring a 30% stake for
The acquisition aligns perfectly with increasing regulatory demands and counterfeiting concerns, creating robust demand drivers for Antares Vision's inspection, detection and track & trace solutions. With
The deal economics appear solid, with management projecting accretion to adjusted EPS in the first full year and double-digit ROIC by year five. This suggests confidence in both revenue synergies and cost efficiencies. The transaction leverages Crane NXT's existing technological focus while expanding its addressable market, particularly in regulated industries where authentication and quality control command premium pricing.
While integration always presents challenges, the complementary nature of these businesses and similar technological focus should facilitate a smoother transition. The first-half 2026 expected closing provides ample time for regulatory approvals and integration planning. This acquisition represents a clear example of strategic inorganic growth that expands capabilities rather than merely consolidating existing market share.
Transaction Advances Crane NXT’s Strategy and Expands its Portfolio to the Life Sciences and Food & Beverage Sectors
Crane NXT to Host Conference Call and Webcast Today at 10:00 a.m. ET
WALTHAM, Mass., Sept. 12, 2025 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE: CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced it has signed definitive agreements to acquire a significant stake in Antares Vision S.p.A. (“Antares Vision”) with the intent to take the company private.
Antares Vision is a global leader in the design, manufacture, installation and maintenance of inspection and detection systems that ensure product safety and quality control. Antares Vision also provides track and trace software solutions that help prevent counterfeiting and provides visibility of products throughout the supply chain. The transaction advances Crane NXT’s strategy and expands the Company’s portfolio in growing end markets, including Life Sciences and Food & Beverage.
Under the terms of the agreements, Crane NXT will acquire an approximate
Aaron W. Saak, Crane NXT’s President and Chief Executive Officer, stated: “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."
Emidio Zorzella, Chairman of Antares Vision, stated: “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.”
Financials and Closing Conditions?
The overall transaction is expected to close in the first half of 2026, subject to customary closing conditions and regulatory approvals. Antares Vision generated approximately
Webcast and Conference Call Details
Crane NXT will host a conference call to discuss the transaction on Friday, September 12, 2025 at 10:00 A.M. (Eastern). Interested parties may listen to a live webcast of the conference call by visiting the Events section of the Investor Relations section of the Company’s website. For those wishing to participate in the Q&A session of the call, please visit the Investors section of Crane NXT's website at to pre-register. Pre-registration may be completed at any time up to the call start time. An accompanying slide presentation and a replay of the live event will also be available on the Company’s website.
Advisors
Goldman Sachs & Co. LLC 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 LLP 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.
About Crane NXT, Co.
Crane NXT is a premier industrial technology company that provides trusted technology solutions to secure, detect, and authenticate what matters most to its customers. Through its industry-leading businesses, Crane NXT provides customers with advanced technologies to secure high-value physical products, sophisticated detection equipment and systems, and proprietary products and services that protect brand identity. Crane NXT’s approximately 5,000 employees help our customers protect their most important assets and ensure secure, seamless transactions around the world every day. For more information visit .
About Antares Vision S.p.A.
Antares Vision is an Italian multinational company that ensures product safety and supply chain transparency through innovative technologies for quality control, end-to-end traceability and integrated data management. The company operates primarily in the Life Sciences and Food & Beverage sectors, supporting companies in digitalizing processes to improve sustainability, efficiency, productivity and visibility. It is a world leader in drug traceability, supplying the world's leading manufacturers and numerous government authorities. It is present in more than 60 countries, employs approximately 1,200 people and has a network of more than 40 international partners. The company has been listed on the Euronext STAR Milan segment (EXM, AV:IM) since 2021. For more information visit .
Forward-Looking Statements Disclaimer
This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical statements of fact and those regarding the Company's intent, belief, or expectations. Words such as “anticipate(s),” “expect(s),” “intend(s),” “believe(s),” “plan(s),” “may,” “will,” “would,” “could,” “should,” “seek(s),” and similar expressions, or the negative of these terms, are intended to identify such forward-looking statements. These statements are based on management’s current expectations and beliefs and are subject to a number of risks and?uncertainties that could lead to actual results differing materially from those projected, forecasted or expected. In particular, the Company’s timing expectations for closing the Antares Vision acquisition and assumptions regarding the expected synergies and contribution to our business from the results of the acquired business are based on information that management believes is reasonable as of the date of this release, but there can be no assurance that such expectations will be indicative of the expected closing timing, of the acquired company’s future business results or that actual results will not differ materially from these expectations. The Company assumes no (and disclaims any) obligation to revise or update these statements to reflect future events or circumstances. Although the Company believes that the assumptions underlying the forward-looking statements are reasonable, it can give no assurance that its expectations will be attained. The Company cautions investors not to place undue reliance on any such forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from the Company's expectations include, but are not limited to: the impact of tariffs and other trade measures; changes in global economic conditions (including inflationary pressures) and geopolitical risks, including macroeconomic fluctuations; demand for its products, which is variable and subject to factors beyond its control; risks associated with conducting a substantial portion of its business outside the U.S.; information systems and technology networks failures, breaches in data security, theft of personally identifiable and other information, and non-compliance with its contractual or other legal obligations regarding such information; being unable to identify or complete acquisitions, or to successfully integrate the businesses the Company acquires; fluctuation in the prices of, or disruption in its ability to source, components and raw materials, and delays in the distribution of its products; loss of personnel or being able to hire and retain additional personnel needed to sustain and grow its business as planned; being unable to successfully develop and introduce new products, which would limit its ability to grow and maintain its competitive position; governmental regulations and failure to comply with those regulations; the ability to protect its intellectual property; risks from litigation, claims and investigations, including those related to product liability and warranties, and employee, commercial, intellectual property and environmental matters; risks related to its ability to improve productivity, reduce costs and align manufacturing capacity with customer demand; significant competition in the Company's markets; additional tax expenses or exposures; adverse impacts from intangible asset impairment charges; inadequate or ineffective internal controls; and risks related to the Separation, including not obtaining the intended tax treatment of the Separation transaction, failure of Crane Company to perform under the various transaction agreements and actual or potential conflicts of interest with Crane Company.?Readers should carefully review Crane NXT, Co.’s financial statements and the notes thereto, as well as the section entitled “Risk Factors” in Item 1A of Crane NXT, Co.’s Annual Report on Form 10-K for the year ended December 31, 2024 and the other documents Crane NXT, Co. and its subsidiaries file from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.?
Contact:
Matt Roache
VP, Investor Relations
[email protected]
www.cranenxt.com
FAQ
What is the total value of Crane NXT's acquisition of Antares Vision?
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When will the Crane NXT acquisition of Antares Vision be completed?
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How will the Antares Vision acquisition impact Crane NXT's earnings?
What markets will Crane NXT expand into with the Antares Vision acquisition?
