ANTARES VISION GROUP JOINS CRANE NXT
Friday, September 12 – The American company Crane NXT announced to the financial markets and media that it has signed a binding agreement to acquire 58.70% of Antares Vision’s share capital.
Who is Crane NXT?
Crane NXT was established in 2023 following the spin-off of Crane Holdings, a historic U.S. industrial company founded in 1855. Today, Crane NXT is a global player listed on the New York Stock Exchange (NYSE), with $1.5 billion in annual revenue, $400 million in EBITDA, and approximately 5,000 employees worldwide, including locations in the UK, Mexico, Japan, Switzerland, Germany, Sweden, Malta, and of course, the United States.
The company is a premier industrial technology company that provides trusted technology solutions that secure, detect, and authenticate what matters most to its customers.
Crane NXT is a global leader in authentication and anti-counterfeiting technologies, serving multinational corporations, banks, financial institutions, and governments around the world, helping them combat counterfeiting and ensure secure transactions. For more information: www.cranenxt.com
This is a highly strategic and value-enhancing step for Antares Vision.
Our core business has always been providing traceability, inspection, and digitalization solutions across the supply chain.
With the addition of Crane NXT’s expertise in security, authentication and digital brand protection, the integration is a perfect strategic and commercial fit. Together, we can now offer an even more comprehensive and cross-functional solution, not only to our existing customers but also to new markets yet to be explored.
Antares Vision will become the fourth operating business of Crane NXT, joining:
- Crane Payment Innovations – detection and sensing technologies primarily for the verification and authentication of payment transactions
- Crane Authentication – product authentication technologies such as holograms and micro-optics
- Crane Currency – banknote printing and security features
Crane NXT recognized the cutting-edge quality of our products and technologies, our strong and loyal global customer base, and, above all, the deep expertise and value of Antares Vision’s people. The company has also shown appreciation for the values that have enabled us to grow rapidly, and to remain resilient during challenging times.
This acquisition opens a new chapter for all of us within an international group offering new business opportunities, professional growth, investment capacity, and technological development,all while maintaining a strong focus on people and shared values as the key to long-term success.
“I believe this is an extraordinary growth opportunity that strengthens our unique role within a larger and more solid group. This transaction will create exciting prospects for the Antares Vision team and ensure the Group’s long-term success. Crane NXT shares our core values and recognizes the importance of people to its continued success. Their strong commitment to investing in Antares Vision’s people and supporting their development is truly encouraging,” said Emidio Zorzella, Chairman of the Board, Antares Vision.