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SecuringIndustry.com - Antares Vision grows again with rfXcel acquisition

19-Feb-2021
Just a few months after buying up the assets of track and trace and serialisation specialist Adents, Antares Vision has agreed a deal to buy rfXcel, another player in that category.
Italy-headquartered Antares has agreed to pay $120 million upfront for rfXcel, which is based in the US with units in the UK and Russia and specialises in providing traceability, serialisation and integrated supply chain monitoring to the life sciences and food/beverage sectors.
Another $30m is on the table – payable to rfXcel shareholders by the first quarter of 2023 – tied to the achievement of certain commercial targets.
In a statement, Antares said that adding in rfXcel would double the size of its software business and boost its revenues, earnings and cashflow from year one. ....

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