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
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CXT
News
- Crane NXT, Co. Reports Third Quarter 2024 ResultsGlobeNewswire
- Crane NXT Acquires Smart Packaging Assets of TruTag Technologies, Further Expanding Capabilities in Product Security and Authentication TechnologiesGlobeNewswire
- Crane NXT, Co. (NYSE: CXT) was upgraded by analysts at Baird R W to a "strong-buy" rating.MarketBeat
- Crane NXT, Co. (NYSE: CXT) is now covered by analysts at Robert W. Baird. They set an "outperform" rating and a $77.00 price target on the stock.MarketBeat
- Crane NXT, Co. Announces Appointment of Dr. Aleta Richards as President of Crane Currency GlobeNewswire
CXT
Earnings
- 11/6/24 - Beat
CXT
Sec Filings
- 12/9/24 - Form 8-K
- 12/2/24 - Form 8-K
- 11/12/24 - Form SC
- CXT's page on the SEC website