- Crane NXT (CXT, Financial) completes acquisition of De La Rue Authentication Solutions.
- Acquisition expected to be accretive to Adjusted EPS in the first full year.
- New business unit 'Crane Authentication' to consolidate security solutions.
Crane NXT, Co. (CXT), a leading industrial technology company, announced the successful acquisition of De La Rue Authentication Solutions, a global authority in security and authentication technologies. This acquisition strategically enhances the company’s Security and Authentication Technologies segment by expanding its portfolio to include cutting-edge security solutions for government-issued identification documents.
As part of this acquisition, Crane NXT is forming a new business unit called "Crane Authentication," which will integrate OpSec Security and De La Rue Authentication Solutions. This consolidation is aimed at delivering enhanced security solutions targeted at government and high-value markets.
The management of Crane NXT anticipates that this acquisition will be beneficial to the company’s Adjusted Earnings Per Share (EPS) during its first full year of integration. Furthermore, they project achieving double-digit Return on Invested Capital (ROIC) by the fifth year following the acquisition.
Crane NXT has scheduled an update to its full-year financial guidance as part of the upcoming Q1 2025 earnings release on May 7, 2025, where more details about the financial impact of the acquisition will be provided.
Crane NXT continues to position itself as a trusted partner in the industry, offering advanced technology solutions to secure, detect, and authenticate critical assets across various sectors globally. The company employs approximately 5,000 individuals dedicated to safeguarding high-value products and ensuring seamless transactions worldwide.
