Crane NXT Co, a maker of industrial technology products including products for the gaming sector, has completed its acquisition of Italian firm Antares Vision SpA.
United States-based Crane NXT said in a press release that the deal would expand its capabilities in technologies realted to detection, inspection, and traceability services.
Antares Vision specialises in technologies covering quality control, traceability and integrated data management.
Crane NXT stated in a Wednesday update that Antares Vision has been delisted from the Euronext Milan stock exchange and is now a wholly-owned subsidiary.
A first phase of Crane NXT’s takeover of Antares Vision had been completed last December, when the suitor acquired an approximately 32-percent stake in Antares Vision from Regolo SpA .
After the first phase of the takeover exercise, Crane NXT launched a mandatory tender offer in Italy for the remaining publicly traded shares of Antares Vision.
Crane NXT has two main businesses: the security and authentication technologies segment, and the Crane Payment Innovations (CPI) business.
Wednesday’s release quoted Aaron Saak, Crane NXT’s president and chief executive, describing the deal as a major milestone for the company.
“Antares Vision’s market-leading technology, software, and service offerings expand our capabilities as a global leader in authentication and traceability technologies,” he said.
He also noted the deal could help Crane NXT in the growing life sciences and food and drink sectors.
Antares Vision will be integrated into Crane NXT’s newly-established detection and traceability technologies segment, alongside the company’s CPI business. Its financial results will be consolidated into Crane NXT’s financial statements.
Crane NXT said it would provide updated guidance for 2026 reflecting the Antares Vision acquisition in its first quarter earnings release.
