Crane – One Becomes Two

Crane Co – the US-based industrial products and processes conglomerate – has announced plans to separate the company into two independent publicly-traded companies – one covering its aerospace/electronics and process flow businesses, and the other its payments and merchandising division, which includes Crane Currency.

The objective, according to the Board, is to optimise investment and capital allocation, accelerate growth, and unlock shareholder value so that, on completion, Crane Co’s shareholders will benefit from ownership in two focused and simplified businesses that are both leaders in their respective industries and well-positioned for continued success.

After the separation, Crane Co will include the current Aerospace & Electronics and Process Flow Technologies businesses, and the Payment & Merchandising Technologies business will become Crane NXT.