Crane Co acquires Cummins Allison

Crane Co., a diversified industrial products company headquartered in Connecticut, US, has announced the acquisition of Cummins Allison Corp. for $160 million. Cummins Allison is a US manufacturer of currency handling systems, including high-speed cash and coin counting and sorting machines, ATMs, retail cash office solutions and related software along with a nationwide service network. The deal was closed on December 31, 2019.…