ANTARES VISION: COMPLETION OF ACQUISITION OF ADENTS' ASSETS
Expansion of portfolio of software solutions and cloud services for end-to-end traceability and strengthening of the Group's international presence
Travagliato (BS), February 24, 2021 – Antares Vision announces that today it has completed the acquisition of the assets of the French company Adents High Tech International ("Adents"), for which Antares Vision was the successful bidder in the context of the Adents liquidation procedure, as previously disclosed to the market on November 12, 2020.
The value of the transaction, amounting to euro 1.5 million and paid as a deposit on November 12, 2020, was released today simultaneously with the signing of the contract.
The software platform for the management and exchange of data between companies and regulators (level 5) and the software for the provision of cloud services (both single-tenant and multi-tenant) developed by Adents and today acquired by Antares Vision will allow Antares Vision to expand its portfolio of software solutions capable of track and trace the entire supply chain end-to-end.
The Group is also strengthening its R&D team with the addition of 17 highly specialised resources to its workforce, until today. At the same time, the Group will further strengthen its service capacity with more extensive coverage in technical and sales support, as well as its international presence, mainly in France, England, Ireland, Sweden and the United States.
The transaction does not qualify as significant pursuant to Article 12 of the AIM Issuers’ Regulation, since none of the applicable significance ratios exceeds 25%.