04:15 AM EDT, 09/12/2025 (MT Newswires) -- Crane NXT ( CXT ) said Friday it has agreed to acquire an approximately 30% stake in Antares Vision with the intent to take the quality and safety control systems company private.

Under the terms of the agreements, Crane NXT ( CXT ) will acquire the stake from Regolo and Sargas at a price of 5 euros ($5.87) per share for a total of around 120 million euros.

After closing, in accordance with Italian takeover rules, Crane NXT ( CXT ) will launch a mandatory tender offer for the remaining shares of Antares Vision at the same price.

The total enterprise value for all of Antares Vision including debt is around 445 million euros, the company said.

Following the anticipated H1 2026 completion of the takeover, Crane NXT ( CXT ) will take steps aimed at delisting Antares Vision, acquiring Regolo's remaining stake, and making Antares Vision a subsidiary.

Crane NXT ( CXT ) said it expects the acquisition to be accretive to adjusted EPS in the first full year.