Crane NXT, De La Rue
De La Rue exits authentication business with $393M acquisition by Crane NXT
De La Rue’s authentication unit reported about $130 million in revenue with an EBITDA margin of approximately 20 percent. Its currency business is not included in the transaction. Crane NXT anticipates a double-digit return on invested capital within five years, on growth in De La Rue’s business plus synergies.
Banknote printer De La Rue to sell authentication arm to Crane NXT for $391 million
(Reuters) -British banknote printer De La Rue said on Tuesday it would sell its authentication business for 300 million pounds ($391.3 million), including debt, to industrial technology firm Crane NXT.
De La Rue agrees authentication unit sale to Crane NXT
De La Rue has found a buyer for its authentication division, agreeing to sell the business to US rival Crane NXT for £300m ($391m) in cash.
De La Rue sees shares jump after striking deal to sell its authentication arm
De La Rue sees shares jump after striking deal to sell its authentication arm - The bank note printer will sell the division to US firm Crane NXT for £300m.
Crane NXT to Acquire De La Rue Authentication Solutions, a Global Leader in Security and Authentication Technologies
Crane NXT, Co. (NYSE: CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced it has signed a definitive agreement with De La Rue plc to acquire its authentication business for 300 million British pounds in cash,
Crane NXT buys De La Rue authentication biz for US$392mln
U.S.-based Crane NXT Co has announced a definitive agreement with De La Rue Plc to acquire the latter’s authentication business for GBP300 million (US392.3 million) in cash.
de La Rue to sell authentication business for £300 million
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De La Rue To Sell Authentication Unit To Crane NXT In GBP 300 Mln Cash Deal
Banknote maker De La Rue plc (DLAR.L) announced Tuesday that its unit De La Rue Holdings has entered into a definitive agreement for
Banknote printer De La Rue to sell authentication arm, shares jump
By Yadarisa Shabong (Reuters) -Shares in De La Rue soared 15% on Tuesday after the British banknote printer said it would sell its authentication business for 300 million pounds ($391.3 million), including debt,
Royal London Asset Management's Strategic Acquisition of De La Rue PLC Shares
On September 30, 2024, Royal London Asset Management Ltd (RLAM) made a significant move in the stock market by acquiring ...
De La Rue signs sale of Authentication unit for GBP300 million
The Basingstoke, Hampshire-based De La Rue provider of authentication software and currency printing services said the planned sale to Crane NXT Co represents an enterprise value of GBP300 million. De ...
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De La Rue says demand for banknotes at its lowest in 20 years
Banknote maker De La Rue has said that demand for banknotes around the world is at its lowest level in 20 years. The company, which designs a third of banknotes globally, said demand for cash ...
Money Printer De La Rue Soars on $392 Million Breakup Plan
De La Rue Plc shares surged the most in more than four years after the banknote printer agreed to sell its authentication arm ...