Crane NXT Co completes acquisition of OpSec Security Group Ltd, increases 2024 sales guidance
Acquiring Company
Crane NXT
Acquired Company
OpSec Security
Waltham
LancasterManufacturingInformation TechnologySoftwareSecuritySecurityDescription
Crane NXT Co, a maker of products including ones for the gaming sector, has completed the US$270-million acquisition of OpSec Security Group Ltd, a provider of brand protection and authentication services. Following this acquisition, Crane NXT Co has increased its full-year 2024 guidance on sales performance by between 5 percent and 8 percent.
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Frequently asked
Who acquired OpSec Security?
OpSec Security was acquired by Crane NXT, based in Waltham. The deal was reported on May 9, 2024. Crane NXT is a premier industrial technology company that provides trusted technology solutions to secure, detect, and authenticate what matters most to its customers. Crane NXT is publicly traded (CXT) and operates in Manufacturing.
When did Crane NXT acquire OpSec Security?
Crane NXT's acquisition of OpSec Security was reported on May 9, 2024. Crane NXT Co, a maker of products including ones for the gaming sector, has completed the US$270-million acquisition of OpSec Security Group Ltd, a provider of brand protection and authentication services. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does OpSec Security do?
OpSec Security Group Ltd is a provider of brand protection and authentication services, which has been acquired by Crane NXT Co for US$270 million. This acquisition is considered a major milestone in Crane NXT Co's growth strategy. It is privately held, operating in Security, and is based in Lancaster.
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