Crane NXT to acquire OpSec Security Group from Investcorp Technology Partners for $270m.

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.