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Granted purchase rights to Adents' assets in likely benefit for supply-chain transparency efforts
Italian multinational Antares Vision, which offers customized inspection and track-and-trace systems, has been selected by the French judicial authority as the winner of the tender for the purchase—directly or indirectly through its subsidiaries—of the assets of the French company Adents High Tech International, which is in liquidation. The closing will occur within two months for $1.8 million USD (1.5 million EUR), paid in cash.
Mainly focused on the pharmaceutical sector, Adents offers traceability and serialization software that can be used for the data management and exchange between companies and regulatory authorities (level 5). It also offers single-tenant and multi-tenant cloud services.
The deal lets Antares Vision multiply its software capabilities that are able to track and trace the end-to-end supply chain, which will allow for greater transparency among members across the industry. Both companies have verification router service (VRS) offerings.