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.…
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…
The inauguration of the Bank of Mexico’s second banknote printing facility has taken place following increased banknote demand in the country. Mexican banknotes have been printed by the state’s banknote printing works located in Legaria, Mexico City, since its opening in 1969. The demand for Mexican banknotes has consistently increased, however, with the Legaria printing facility producing 201 million banknotes in 1970…
De La Rue launches Ignite®, a new liquid crystal colour shifting security thread with advanced optical microstructure technologies. De La Rue’s latest banknote security feature, Ignite®, was launched this week at the Mint & Print International 2018 conference being held in Lebanon. According to De La Rue, its new thread is a highly complex, technological innovation that…
MyImage™, a new optically variable security feature has been launched today by De La Rue in partnership with Opalux, a producer of level 1 public recognition security features. De La Rue and Opalux partnered in October 2017, this is the first in a series of security features planned by the two companies. MyImage™, launched at the SDW…
PNO Global, supplier of banknote varnish and solutions for fitness sorting, quality control and counterfeit analysis, has entered into a joint development agreement with De La Rue. PNO Global is the producer of the Snowfish® banknote sorter range. The partnership between the two companies is intended to incorporate “joint product development and related sales execution on…
De La Rue has announced that it has agreed to a new strategic partnership with OPTEL to produce anti-counterfeit solutions for the brand protection industry. OPTEL is a “leading provider of end-to-end traceability systems”, providing anti-counterfeit solutions particularly for the pharmaceuticals market. In a press release, De La Rue says that this move will “leverage…
De La Rue (DLR) has opened its new product authentication facility in Malta, which will produce tax stamps, authentication and brand products including protection labels for Microsoft. According to DLR, the facility, which was opened today by the Prime Minister of Malta on 24 April 2018, is a centre of excellence across Currency, Identity and Brand…
Crane Currency has released an educational film detailing MOTION SURFACE™, their latest micro-optics security feature product. MOTION SURFACE™ is an evolution of Crane’s MOTION® security thread feature, developed to enable the MOTION® micro-optics technology to be applied as a patch. MOTION® was first used in a circulating banknote in 2006, by Sweden’s Riksbank on the 1,000-krona note. RAPID®, the first…
The Best Regional Banknote Awards have been presented this week at the High Security Printing EMEA conference, with Armenia and Kyrgyzstan announced as the winners. Reconnaissance International revealed the winners of the Best Regional Banknote Awards at its HSP EMEA conference held in Warsaw, Poland. According to Reconnaissance, the Best Regional Banknote award recognises “…outstanding achievement in the design,…