Crane NXT to Buy Italy's Antares Vision for About $522 Million

Dow Jones

2025/09/12

By Colin Kellaher

Crane NXT said it plans to buy Antares Vision in a deal that values the Italian maker of inspection and detection systems for product safety and quality control at about 445 million euros ($522 million).

Crane on Friday said it has agreed to buy roughly 30% of Antares Vision from current investors Regolo S.p.A. and Sargas S.r.L for about EUR120 million, or EUR5 a share, a 4.2% premium to Thursday's closing price of EUR4.80.

Waltham, Mass., industrial-technology company Crane said that upon completion of the purchase, it will launch a mandatory tender offer of EUR5 a share for the remaining publicly traded shares of Antares Vision.

Crane said the addition of Antares Vision, which generated about $235 million in revenue last year, will expand its portfolio to the life-sciences and food-and-beverage sectors.

Crane, which posted sales of nearly $735 million for the first half of 2025, said it expects to complete the overall Antares Vision transaction in the first half of 2026.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

September 12, 2025 07:02 ET (11:02 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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