M&A Deal Summary

Crane Acquires CashCode

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

Acquisition Highlights
  • This is Crane’s 2nd transaction in the Electronics sector.
  • This is Crane’s 6th largest (disclosed) transaction.
  • This is Crane’s 2nd transaction in Canada.
  • This is Crane’s 1st transaction in Ontario.

M&A Deal Summary
Date 2006-01-17
Target CashCode
Sector Electronics
Buyer(s) Crane
Deal Type Add-on Acquisition
Deal Value 86M USD

Target

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(S) 1

Buyer

Crane

Stamford, Connecticut, United States
Category Company
Founded 1855
Sector Machinery
Employees7,000
Revenue 2.1B USD (2023)
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 STATS #
Overall 14 of 26
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) 6 of 17
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 -
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 -
Mergr

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