Crane NXT acquires smart packaging asssets of TruTag Technologies

Crane NXT (CXT) announced that it has completed the acquisition of the Smart Packaging assets of TruTag Technologies. TruTag provides secure digitization of physical products through proprietary secure marking and smartphone authentication. “The addition of this technology to Crane NXT’s product portfolio is an exciting expansion of our capabilities and further enhances our ability to provide differentiated and innovative technology solutions to our customers,” Aaron W. Saak, Crane NXT’s President and Chief Executive Officer, said. “TruTag’s Smart Packaging technology will also expand our capability for direct-to-product marking in both consumer and industrial applications which will further drive profitable growth.”