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), Fabio Forestelli and 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 Wednesday.
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 U.S., 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.
With over 2,000 companies in 60 countries and approximately 5,200 machines installed, the customer portfolio includes large multinationals producing water, soft drinks, liquor, beer, wines, and OEMs (producers and integrators of bottling lines). The company has more than 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.