We are advising Crane NXT on the transaction

Davis Polk is advising Crane NXT, Co. on its acquisition of a 30% minority stake in Antares Vision S.p.A. from Regolo S.p.A. and Sargas S.r.L. at a price of €5.00 per share for a total consideration of approximately €120 million. After closing of the transaction, Crane NXT will launch a mandatory tender offer in Italy for the remaining publicly traded shares of Antares Vision at the same price of €5.00 per share, at a total enterprise value of €445 million. Upon completion of the mandatory tender offer Crane NXT will implement steps aimed at delisting Antares Vision and will acquire the remaining stake owned by Regolo. As a result of the transaction, Antares Vision will become a subsidiary of Crane NXT. The overall transaction is expected to close in the first half of 2026, subject to customary closing conditions and regulatory approvals.

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 its customers protect their most important assets and ensure secure, seamless transactions around the world every day.

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 and beverage sectors and is present in more than 60 countries, employs approximately 1,200 people and has a network of more than 40 international partners. Antares Vision has been listed on the Euronext STAR Milan segment (EXM, AV:IM) since 2021.

The Davis Polk corporate team includes partners Leonard Kreynin and Harold Birnbaum and associates Jessica Poggi and Keane Brazda. Partner Frank Azzopardi and associate Jordan Khorshad are providing intellectual property advice. Partner Corey M. Goodman is providing tax advice. Partner Derek Dostal is providing capital markets advice. Partner Scott M. Herrig and counsel Welton E. Blount are providing sponsor finance advice. All members of the Davis Polk team are based in the New York office. 

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