Risks and uncertainties that could cause actual results to differ materially from the Company's expectations include, but are not limited to: the impact of tariffs and other trade measures; changes in global economic conditions (including inflationary pressures) and geopolitical risks, including macroeconomic fluctuations; demand for its products, which is variable and subject to factors beyond its control; risks associated with conducting a substantial portion of its business outside the U.S.; information systems and technology networks failures, breaches in data security, theft of personally identifiable and other information, and non-compliance with its contractual or other legal obligations regarding such information; being unable to identify or complete acquisitions, or to successfully integrate the businesses the Company acquires; fluctuation in the prices of, or disruption in its ability to source, components and raw materials, and delays in the distribution of its products; loss of personnel or being able to hire and retain additional personnel needed to sustain and grow its business as planned; being unable to successfully develop and introduce new products, which would limit its ability to grow and maintain its competitive position; governmental regulations and failure to comply with those regulations; the ability to protect its intellectual property; risks from litigation, claims and investigations, including those related to product liability and warranties, and employee, commercial, intellectual property and environmental matters; risks related to its ability to improve productivity, reduce costs and align manufacturing capacity with customer demand; significant competition in the Company's markets; additional tax expenses or exposures; adverse impacts from intangible asset impairment charges; inadequate or ineffective internal controls; and risks related to the Separation, including not obtaining the intended tax treatment of the Separation transaction, failure of Crane Company to perform under the various transaction agreements and actual or potential conflicts of interest with Crane Company.
The Authentication Solutions business is an excellent strategic fit with our Security and Authentication Technologies segment, and further enhances our ability to serve as a trusted partner to our customers, leveraging our advanced technology capabilities to provide a broader suite of solutions to highly attractive end markets.” In connection with the acquisition, the Company is creating a new business unit within the Security and Authentication Technologies segment called "Crane Authentication,” consisting of OpSec and De La Rue Authentication Solutions.
WALTHAM, Mass., May 01, 2025 (GLOBE NEWSWIRE) -- Crane NXT, Co.(NYSE: CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced it has completed its acquisition of De La Rue Authentication Solutions, a global leader in security and authentication technologies, complementing the authentication and online brand protection solutions of OpSec Security ("OpSec”) and expanding the Company’s portfolio to include security technologies for government-issued identification documents and credentials.Aaron W.
The story "Crane NXT Completes Acquisition of De La Rue Authentication Solutions" has 899 words across 19 sentences, which will take approximately 4 - 8 minutes for the average person to read.
Which news outlet covered this story?
The story "Crane NXT Completes Acquisition of De La Rue Authentication Solutions" was covered 14 hours ago by GlobeNewswire, a news publisher based in China.
How trustworthy is 'GlobeNewswire' news outlet?
GlobeNewswire is a fully independent (privately-owned) news outlet established in 1998 that covers mostly technology news.
The outlet is headquartered in China and publishes an average of 85 news stories per day.
It's most recent story was published 8 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
