Crane NXT completes acquisition of OpSec Security

Crane NXT announced that it has completed its acquisition of OpSec Security. Aaron Saak, Crane NXT’s President and CEO, stated: “Acquiring OpSec is a major milestone in the execution of our growth strategy. We are thrilled to officially welcome the OpSec team to Crane NXT. With this acquisition, we will expand our capabilities across the entire authentication value chain, creating a leading brand and product authentication platform. We look forward to working with our new colleagues to solidify our position as a leader in providing solutions that secure, detect and authenticate our customers’ most valuable assets.” In connection with the acquisition of OpSec, the Company is renaming its “Crane Currency” reportable segment to “Security and Authentication Technologies,” which will consist of the Crane Currency business and the acquired OpSec business. The Company also announced Sam Keayes, President of Crane Currency, has been promoted to Senior Vice President, overseeing the Security and Authentication Technologies segment.