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Announced

Completed

Antares Vision completed the acquisition of FT System from Arol Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Acquisition

Italy

Completed

Majority

Friendly

control devices

Machinery: Specialty

Private

Synopsis

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Industrial firm Antares Vision completed the acquisition of FT System, which designs and manufactures inspection and control devices for bottling and packaging lines for water, beverages and soft drinks, wines, spirits and beer, from Arol Group. Financial terms were not disclosed. "We are very proud to become part of the Antares Vision family. Acknowledgment of the great value and placement in markets in 20 years of activity. A special thanks to the Cirio family and the AROL Group for believing in FT System. Thanks to the synergies that will immediately be established with Antares Vision and to the technological partnership with AROL Group, FT System will be able to accelerate its ambitious ongoing projects and further increase its presence in the markets," Fabio Forestelli, FT System Managing Director.

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