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ANTARES VISION ACQUIRES FT SYSTEM, STRENGTHENING ITS POSITION IN BEVERAGE INDUSTRY

FT System (controlled by Arol) specializes in inspection and control systems for bottling and packaging. The purchase agreement also has been accompanied by an industrial partnership agreement with Arol S.p.A.

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Antares Vision has taken the next step in its strategic business diversification: an agreement has been finalized for the company to acquire 100% of FT System S.r.l. ("FT System"), an Italian company known as a leader in control and inspection in the beverage industry both domestically and internationally. The agreement was signed between Antares Vision and the shareholders of FT System, Arol S.p.A. ("Arol"), Mr. Fabio Forestelli and Mr. Ferdinando Tuberti, holders of quotas equal, respectively, to 80%, 10% and 10% of the capital of FT System. The sale of the quotas was also finalized today.

The Equity Value for 100% of FT System is 67.7 million euros. With the acquisition, Antares Vision has taken control of FT System and, indirectly, its controlled companies in France and the United States as well as related business carried out by divisions operating in Mexico, Brazil, UK, Spain, China and India.

Founded in 1998, FT System is a leader in bottling control and inspection, mainly in the beverage industry. It covers all stages of processing: container control, filling, capping, leak and pressure verification, labeling, coding, weight and palletizing.

The customer portfolio, with over two thousand companies in 60 countries and approximately 5,200 machines installed, includes large multinationals producing water, soft drinks, liquor, beer, wines, and OEMs (producers and integrators of bottling lines). The company has over 140 employees.

FT System has steered driven its growth by investing in the development of innovative and patented technologies such as the ROBO QCS,  a non-destructive and fully automated quality control station, integrated into the production line.

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