Crane NXT, Co. announced the completion of its acquisition of De La Rue Authentication Solutions on May 1, 2025. This strategic acquisition expands Crane NXT’s portfolio to include security technologies for government-issued identification documents and credentials, complementing its existing OpSec Security solutions. The company is creating a new business unit, "Crane Authentication," within the Security and Authentication Technologies segment, which will combine OpSec and De La Rue Authentication Solutions.
Aaron W. Saak, Crane NXT’s President and CEO, stated that the Authentication Solutions business is an excellent strategic fit, enhancing the company's ability to serve customers with a broader suite of solutions in attractive end markets. The integration of these businesses is expected to drive significant value creation through the implementation of the Crane Business System.
Crane NXT continues to expect the acquisition to be accretive to Adjusted EPS in its first full year of operation. The company also anticipates achieving a double-digit return on invested capital (ROIC) by year five. This completion solidifies Crane NXT's position as a trusted technology leader in the global authentication market.
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