US-based technologies firm Crane Holdings Co announced Monday that it has completed the separation of its Payment and Merchandising Technologies business, to be known as Crane NXT. The segment, which includes currency validation firm Crane Payment Innovations (CPI), provides payment technology to the global gaming industry.
US-based technologies firm Crane Holdings Co announced Monday that it has completed the separation of its Payment and Merchandising Technologies business, to be known ku bet as Crane NXT. The segment, which includes currency validation firm Crane Payment Innovations (CPI), provides payment technology to the global gaming industry.
“We are starting this next chapter from a position of strength with a solid financial profile, differentiated technology, and a strong set of core capabilities. We see the potential to drive substantial long-term shareholder value by growing our core businesses while expanding into high-growth adjacencies.”
Crane Co – which will continue to include the Aerospace & Electronics, Process Flow Technologies and Engineered Materials segments – said last year that spinning off its payments segment would allow the new Crane NXT entity to “differentiate itself through its technology leadership, positioning it to leverage long-term secular drivers including automation, security and productivity, across several high-growth adjacent markets.
Crane Co – which will continue to include the Aerospace & Electronics, Process Flow Technologies and Engineered Materials segments – said last year that spinning off its payments segment would allow the new Crane NXT entity to “differentiate itself through its technology leadership, positioning it to leverage long-term secular drivers including automation, security and productivity, across several high-growth adjacent markets.