A Brighter Future as Currency Goes it Alone

Further to the news that De La Rue has agreed a sale of its Authentication business to Crane NXT – a move that will alleviate the financial pressures that have hung over the company in recent years – Currency News™ spoke to Ruth Euling, Executive Director and Managing Director of the remaining Currency division, to find out more about the sale and what it means for the company in terms of production, investment, and its customers.

Q: Was it always the intention, or rather preference, to sell off the Authentication division rather than Currency and/or both?

A: We had multiple options open to us.

However, we knew we had to remove De La Rue’s net debt and minimise our pensions deficit whilst finding a solution that was good for our customers and employees. The deal we have agreed with Crane NXT did just that and our Currency customers will continue to get what they need from a strong Currency business.