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  5. Crane Currency Acquires Crane AB

M&A Deal Summary

Crane Currency Acquires Crane AB

On January 24, 2002, Crane Currency acquired business services company Crane AB for 15M USD

Acquisition Highlights
  • This is Crane Currency’s 1st transaction in the Business Services sector.
  • This is Crane Currency’s largest (disclosed) transaction.
  • This is Crane Currency’s 1st transaction in Sweden.

M&A Deal Summary
Date 2002-01-24
Target Crane AB
Sector Business Services
Buyer(s) Crane Currency
Deal Type Add-on Acquisition
Deal Value 15M USD

Target

Crane AB

Tumba, Sweden
Crane AB produces the Swedish kronor and other currencies.

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Buyer(S) 1

Buyer

Crane Currency

Dalton, Massachusetts, United States
Category Company
Founded 1801
Sector Forest Products
Employees2,300
DESCRIPTION

Crane & Co., Inc. is a provider of an advanced micro-optic security technology, and a fully integrated supplier of secure and highly engineered banknotes for central banks all over the world. Crane & Co was founded in 1801 and is based in Dalton, Massachusetts.

DEAL STATS #
Overall 1 of 2
Sector: Business Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
Country: Sweden M&A 1 of 1
Year: 2002 M&A 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-02 Visual Physics

Alpharetta, Georgia, United States

Visual Physics, Inc. manufactures and supplies micro-optic security films used for anti-counterfeiting and brand protection applications. The company was incorporated in 1999 and is based in Alpharetta, Georgia.

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