Announced
Financials
Sources
Tags
anti counterfeiting
technology
software
services
IT Services: Other
United Kingdom
Acquisition
Friendly
Single Bidder
Majority
Pending
Private
Private Equity
Domestic
Synopsis
Crane NXT, an industrial technology company, agreed to acquire OpSec Security Group, a company providing anti-counterfeiting technologies and services, from Investcorp Technology Partners, a global manager of alternative investment products, for $270m. “OpSec is an excellent fit with our portfolio of technologies that secure, detect, and authenticate our customers’ most valuable assets. The authentication and brand protection markets are large and growing, bolstered by secular mega trends, including the continuous rise of counterfeiting and proliferation of online marketplaces, as well as digital media and piracy. OpSec is a global leader in these markets with its proprietary technology, broad suite of solutions, and integrated offering. This acquisition will enable us to leverage our complementary expertise in anticounterfeiting technology and drive growth and sustainable value creation as a trusted partner to clients,” Aaron W. Saak, Crane NXT President and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.