---
schema_version: "secwatch.filing_event.v1"
accession: "0000025445-25-000086"
form_type: "8-K"
ticker: "CXT"
cik: "0000025445"
company_name: "Crane NXT, Co."
filed_at: "2025-09-18T23:59:59+00:00"
generated_at: "2026-05-17T06:18:09.731732+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Crane NXT to acquire Antares Vision for ~€120M stake, total EV ~€445M; expects H1 2026 close

## Summary
- Acquires ~30% stake in Antares Vision from Regolo and Sargas at €5.00/share for ~€120M.
- Mandatory tender offer for remaining shares at same price; total EV ~€445M including net debt.
- Antares Vision FY2024 revenue ~€200M, adj EBITDA margin ~15%; accretion to Adj EPS expected in first full year.
- Plans to delist Antares Vision; transaction expands CXT's portfolio into Life Sciences and Food & Beverage.
- Bridge facility of $602M and backstop facility of $831M from Goldman Sachs to finance the acquisition.

## SEC filing metadata
- accession: 0000025445-25-000086
- form_type: 8-K
- ticker: CXT
- cik: 0000025445
- company_name: Crane NXT, Co.
- filed_at: 2025-09-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/25445/000002544525000086/0000025445-25-000086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/25445/000002544525000086/cxt-20250912.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000025445-25-000086
- JSON: https://secwatch.observer/filing/0000025445-25-000086.json
- Plain text: https://secwatch.observer/filing/0000025445-25-000086.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.