Published: 2024-10-15 02:16:06 ET CR WALTHAM, Mass., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE: CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced it has signed a definitive agreement with De La Rue plc to acquire its authentication business for 300 million British pounds in cash, subject to customary adjustments.
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Country
US
Industry
Industrials
Market Cap
Mid Cap
Num. Employees
11000
IPO Date
Oct 26, 1936
Country
US
Industry
Industrials
Crane NXT Co. engages in the management of a subsidiary, which manufactures aerospace equipment, electronics systems, and flow control systems. The company is headquartered in Stamford, Connecticut and currently employs 11,000 full-time employees. The firm provides technology solutions to secure, detect, and authenticate what matters most to its customers. The firm provides advanced micro-optics technology for securing physical products, and its electronic equipment and associated software leverages core capabilities with detection and sensing technologies. Its micro-optic technology protects brands from counterfeiters and fraud. Its advanced image recognition software analyzes various data points in more than 1,000 dimensions while simultaneously referencing 20 algorithms. With its comprehensive management platform, the Company's customers are offered remote diagnostics, payment transaction data, live machine monitoring, consumer analytics, and added revenue streams from its in-house advertising network. The company operates manufacturing facilities in the United States, the United Kingdom, Mexico, Japan, Switzerland, Germany, Sweden and Malta.
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