The Italian multinational company will expand its portfolio of software solutions and cloud services for end-to-end traceability, increasing its international presence in Europe and the USA
Travagliato (BS), 12nd November 2020 – Antares Vision announces that it has been selected by the French judicial authority as the winner of the tender for the purchase - directly or indirectly through its subsidiaries - of the assets of the French company Adents High Tech International ("Adents").
Adents, currently in liquidation, has developed a traceability and serialization software platform for the management and exchange of data between companies and regulatory authorities (level 5) and a complete offer of cloud services (both single-tenant and multi-tenant). Mainly focused on the pharmaceutical sector, the platform is strategic in other sectors such as food, beverage (especially in the champagne niche) and luxury goods.
The transaction will allow Antares Vision to expand its portfolio of software solutions able to track and trace the end-to-end supply chain, enabling all the supply chain players (distributors, CMO's, 3PLs, hospitals and pharmacies) to be compliant to the traceability of medicines regulations and able to ensure the transparency and sustainability of the production and distribution chain in several industries.
In addition, through the transaction, some Adents’s staff will be hired and the R&D team will also be strengthen by including highly specialized resources in the Antares Vision staff.
Thus, Antares Vision will enhance its service capacity with greater capillarity in technical and sales support, as well as its international presence, mainly in France, UK, Ireland, Sweden and in the United States.
Emidio Zorzella, Chairman and CEO of Antares Vision: “We are very satisfied with this operation which will allow us to continue to strengthen our strategy and to implement a complete, digital and scalable solution for the supply chain traceability. The operation is particularly strategic in terms of acquiring new software solutions, new skills, strengthening the geographical presence and expanding into new industries. The expertise in traceability for beverage will allow us to accelerate our diversification in new industries, as in the champagne segment."
The closing will take place within the maximum term of 2 months; the value of the transaction, equal to 1.5 million euros, will be paid in cash. It should be noted that the transaction is not significant pursuant to art. 12 of the AIM Italia Rules for Companies, none of the applicable class tests is exceeding 25%.
Antares Vision
A company listed on AIM Italia since 2019 through a business combination with ALP.I, a SPAC promoted by Mediobanca, Antares Vision guarantees the protection of products, people and brands during their life cycle through inspection systems for quality control, tracking solutions to fight counterfeiting and control of the supply chain, smart data management for production efficiency and consumer engagement, in all the most demanding industrial sectors, from pharmaceuticals to biomedical devices, from food and beverage to cosmetics and fashion. Antares Vision has a presence in over 60 countries worldwide with comprehensive and flexible hardware and software solutions, and related services: it has 5 offices in Italy (Brescia, Parma, Piacenza, Latina and Vicenza), 15 foreign branches (Ireland, Germany [2], France [2], USA [2] Brazil [2], India, Russia and Hong Kong), 30 Innovation and Research centres (Italy and Ireland), as well as a network of over 30 partners worldwide. With 20 years of experience in vision technologies, Antares Vision supplies 10 of the world's 20 leading pharmaceutical companies: over 25,000 inspection systems assure the product’s safety and quality each day, while 6,500 inspection tests and over 3,500 serialisation lines installed all over the world guarantee the traceability of over 5 billion products throughout the entire distribution chain. With the aim to continue supporting its growth and development strategy, in 2019 shareholding agreements were perfected with T2 Software, a Brazilian company specialising in smart data management solutions, and Orobix, Italian leader in artificial intelligence services, in addition to acquiring 100% of FT System, a leader in checks and inspection in the beverage sector. In April 2020, Antares Vision acquired 82.83% of Tradeticity, a Croatian company specialised in software management of advanced traceability processes, wheres on 30 June it acquired 100% of Convel, an Italian company specialising in automated inspection in the pharmaceutical industry. In 2019, Emidio Zorzella and Massimo Bonardi were awarded the Ernst & Young Entrepreneur of the Year award of innovation. www.antaresvision.com
For further information:
Issuer
Antares Vision S.p.A.
Via del Ferro, n. 16
25039 – Travagliato (BS)
Alioscia Berto (CFO & Investor Relator)
Tel.: + 030 72 83 500
E-mail: investors@antaresvision.com
Nominated Adviser & Specialist
Equita SIM S.p.A.
Via Filippo Turati, n. 9
20121 – Milan
Marcello Daverio
Tel.: +39 02 6204 1
E-mail: m.daverio@equita.eu
IR ADVISOR
IR Top Consulting
Via Bigli, n. 19
20121 – Milan
Tel.: +39 02 45473884
Maria Antonietta Pireddu
E-mail: m.pireddu@irtop.com
Antonio Buozzi
E-mail: a.buozzi@irtop.com
