Crane NXT to acquire the authentication division of De La Rue for $392m.

Crane NXT, a security systems services company, agreed to acquire the authentication division of De La Rue, a provider of secure digital and physical protections, for $392m. "The sale of our Authentication Division to Crane NXT represents a substantial step forward on our route to realise the underlying intrinsic value of the De La Rue business for the benefit of all stakeholders. We are delighted to reach agreement with a company with the stature of Crane NXT, with its complementary strengths and are confident that the Authentication Division will continue to build on its considerable successes over the past few years," Clive Whiley, De La Rue Chairman.