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Stock impact report

Crane NXT to Acquire De La Rue Authentication Solutions, a Global Leader in Security and Authentication Technologies 

Crane NXT, Co. (CXT) 
Company Research Source: GlobeNewswire
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. De La Rue Authentication Solutions is a global leader in security and authentication technologies. The acquisition complements the authentication and online brand protection solutions of OpSec and expands Crane NXT’s portfolio to include security technologies for the identification documents and credentials market. Aaron W. Saak, Crane NXT’s President and Chief Executive Officer, stated: “The acquisition of De La Rue Authentication Solutions accelerates our strategy as a market leader in providing trusted technology solutions that secure, detect and authenticate our customers’ most valuable assets. Protection from counterfeiting and illicit tra Show less Read more
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