Core Viewpoint - Crane NXT Co. has agreed to acquire a stake in Antares Vision S.p.A. with plans to take the company private, enhancing its presence in the life sciences and food and beverage sectors [1][4]. Group 1: Acquisition Details - Crane NXT will purchase approximately 30% of Antares Vision for 5 euros per share, valuing the transaction at around 120 million euros [2]. - The enterprise value of Antares Vision is estimated at about 445 million euros (~$489.5 million) following the acquisition [2]. - Crane NXT intends to launch a tender offer for all other outstanding shares at the same price after the initial purchase [2]. Group 2: Company Operations and Strategy - Antares Vision specializes in inspection and detection systems and track-and-trace software aimed at combating counterfeiting and enhancing supply chain visibility [3]. - The acquisition is expected to strengthen Crane NXT's ability to provide secure technology solutions amid increasing regulatory pressures and counterfeiting threats [4]. Group 3: Financial Expectations - Antares Vision reported revenue of approximately 200 million euros in 2024, with an adjusted EBITDA margin close to 15% [5]. - Crane NXT anticipates that the transaction will contribute to adjusted earnings per share in the first full year post-closing and generate double-digit returns on invested capital within five years [5]. - The deal is expected to close in the first half of 2026, pending regulatory approvals [5].