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.…

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De La Rue Sells Identity Solutions Business

Today De La Rue announced that it is exiting the integrated identity documents market with a sale of its International Identity Solutions business for a cash consideration of £42 million. The buyer is HID Corporation Limited (“HID Global”), an ASSA ABLOY Group company. The deal price is agreed on a cash free debt free basis, payable upon…

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New €100 and €200 banknotes enter circulation

The last two denominations of the Europa series of euro banknotes start circulating today. The denominations of the new series have been introduced gradually in ascending order. With discontinuation of the production of the €500 note, this latest addition completes the series. The new banknotes feature upgraded public security features: a satellite hologram and an enhanced emerald…

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Thumbnail image of the Guyana 1000 banknote, 2011.

Guyana upgrades banknote with RAPID®

The Bank of Guyana will soon be issuing an upgraded $1,000 banknote with new security thread features including RAPID®. A press release from the Guyana central bank has confirmed that the upgraded $1,000 banknote will no longer have the holographic stripe displayed on the front of the banknote, but will instead feature Crane Currency’s RAPID® micro-optic…

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