Add-on Acquisition • Electronics

Crane Acquires CashCode

On January 17, 2006, Crane acquired electronics company CashCode for 86M USD

Acquisition Context

This is Crane’s 2nd transaction in the Electronics sector.
This is Crane’s 7th largest (disclosed) transaction.
This is Crane’s 2nd transaction in Canada.
This is Crane’s 1st transaction in Ontario.

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M&A Deal Summary
Date	January 17, 2006
Target	CashCode
Sector	Electronics
Buyer(s)	Crane
Deal Type	Add-on Acquisition
Deal Value	86M USD

Target Company

CashCode

Concord, Ontario, Canada

CashCode Co. Inc. specializes in niche applications for banknote validation, storage and recycling devices for use in vending, gaming, retail and transportation applications.

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Buyer Overview 1

Buyer

Crane

Stamford, Connecticut, United States

Category	Company
Founded	1855
Sector	Machinery
Employees	7,300
Revenue	2.1B USD (2024)

DESCRIPTION

Crane is a diversified manufacturer of highly engineered industrial products. Crane provides products and solutions to customers in the aerospace, electronics, hydrocarbon processing, petrochemical, chemical, power generation, automated merchandising, transportation and other markets. Crane was Incorporated in 1855 and is based in Stamford, Connecticut.

Deal Context for Buyer	#
Overall	14 of 27
Sector: Electronics	2 of 4
Type: Add-on Acquisition	9 of 19
State: Ontario	1 of 1
Country: Canada	2 of 2
Year: 2006	1 of 3
Size (of disclosed)	7 of 18

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2002-11-25	General Technologies Delta, British Columbia, Canada General Technology Corporation services include the assembly and testing of printed circuit boards, electromechanical devices, custom integrated systems, cables and wire harnesses.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2002-11-25

General Technologies

Delta, British Columbia, Canada

General Technology Corporation services include the assembly and testing of printed circuit boards, electromechanical devices, custom integrated systems, cables and wire harnesses.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2006-05-15	Resistoflex Aerospace Jacksonville, Florida, United States Resistoflex Aerospace, which invented PTFE extruded hose, also produces tubes and swaged fittings, including hydraulic beam seal fittings for aircraft and engine applications, and Nutlok, a separable fluid connector requiring no lockwire.	Sell	-

DATE

TARGET

DEAL TYPE

VALUE

2006-05-15

Resistoflex Aerospace

Jacksonville, Florida, United States

Resistoflex Aerospace, which invented PTFE extruded hose, also produces tubes and swaged fittings, including hydraulic beam seal fittings for aircraft and engine applications, and Nutlok, a separable fluid connector requiring no lockwire.

Sell

Explore Related M&A Activity

Electronics M&A - Add-on Acquisition M&A Deals - Ontario M&A - Canada M&A - 2006 M&A