Crane Payment Innovations Strengthens Connectivity Portfolio with Acquisition of Microtronic AG
Oensingen, Switzerland (25 July 2017).---Crane Co. (NYSE:CR), a diversified manufacturer of highly-engineered industrial products, announced today that it has acquired Microtronic AG, a leading manufacturer of closed-site and mobile payment solutions for the European vending market.
The acquisition strengthens Crane’s technology portfolio with the addition of Microtronic’s complementary capabilities to Crane Payment Innovations’ platform of electronic payment and connectivity solutions.
“We strive to simplify connectivity technology for our customers worldwide, and the integration of Microtronic will be a critical element in achieving this goal,” said Richard Gibson, Marketing Director for Crane Payment Innovations. “Combining Microtronic and CPI technology enables us to deliver a unified open, closed and mobile payment solution. The result is better functionality and lowest total cost of ownership for our global customers.”
For more information about Crane Payment Innovations, please visit www.cranepi.com.
About Crane Payment Innovations
Crane Payment Innovations (CPI), a Crane Co. company, is a global leader for currency validation in the unattended retail space, processing over four billion transactions per week. The integration of Crane Payment Solutions and MEI Conlux Holdings, CPI serves the vending, financial services, gaming, retail and transportation markets in more than 100 countries, and represents one of the world’s largest installed bases of payment systems. Backed by decades of experience from the MEI, Conlux, CashCode, Telequip, MoneyControls and NRI legacy brands, CPI creates intelligent validation technologies and payment solutions that deliver industry-leading accountability, reliability and security.
Crane Co. is a diversified manufacturer of engineered industrial products. Crane Co. is traded on the New York Stock Exchange (NYSE:CR).