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CLASS

Antares chooses Hong Kong as springboard toward Asia

June 20, 2019


Abstract : Hong Kong will be Antares Vision’s new hub in the Far East. By the end of the year, the Brescia-based company – specialized in visual inspection systems

MILAN, Jun 18 (Class Editori) – Hong Kong will be Antares Vision's new hub in the Far East. By the end of the year, the Brescia-based company – specialized in visual inspection systems, in tracking solutions, and in managing – will open a branch in former UK colony as part of its development strategy focused on presiding over foreign market with high growth potential.

The decision to develop a direct presence on the Chinese territory comes as an effort to tap into Made in China 2025's opportunities. The project, launched by the government in 2015, aims at ensuring China with the primacy in the technology and production system innovation sectors. As part of the project’s framework, China is planning for specific policies aimed at ensuring and increasing product quality while fighting counterfeiting.

According to Antares' annotations, one of the first few sectors impacted by these new policies should be the pharmaceutical one. As a consequence, the Italian company – founded by Emidio Zorzella and Massimo Bonardi, and that has recently joined the AIM segment of the Italian stock market – expects its solutions to attract a lot of attention.

Actually, the company's landing on Piazza Affari through the Spac ALP.I – promoted by Mediobanca and by Stefano Giambelli, Roberto Marsella, Massimo Perona and Stefano Rangone, listed on the AIM since 2018 – was all part of a plan for supporting growth through acquisitions on foreign markets.

As it follows, the Board of Director's mark of approval comes in close contact with the creation of a further two branches since the beginning of the year – one in India, and the other in Russia. The first one is connected with the establishment of a JV with the Jay Instruments and Systems Private Limited Indian company. The second resulted from the creation of Antares Vision Rus, a 100% subsidiary.

Product traceability for a lot of goods – including tobacco, a number of food categories, shoes, perfumes, clothes, cameras, and medicines – should become mandatory by January 2020 in Russia as well. Anyways, Antares Vision was built to become a market's stronghold through the opening of a direct subsidiary, expected to employ around 20 units by the end of the year. During the first four months of 2019, the Antares Vision Group’s turnover grew at a 14% rate against the same period last year.

Starting the provision of a post-sale 3-year maintenance and assistance services for the installed solutions contributed to the results, in particular since the coming into force of the European regulations for medicines traceability on February 9th, 2019.

In 2018, the group closed the books totaling 118.5 million in revenues (+26.1% against the 81.3 million from 2017), a 33.3-million EBITDA (+40.5%), a 32.4-million EBIT (+42,1%), and net profits growing up 41.6%, reaching 22.8 million euro.

(Source:Class Editori)

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