Crane NXT to Acquire OpSec Security

Crane NXT, a leading industrial technology company, has signed a definitive agreement with Investcorp Technology Partners to acquire OpSec Security for $270 million in cash, subject to customary adjustments.

OpSec is a global leader in digital and physical authentication solutions, serving brands, government agencies and financial institutions. It has more than four decades of experience in optical security and is recognised as one of the pioneers of micro- lithography. The company also has scalable software platforms that enable the traceability of products, manage the licensing of brand properties, and detect and enforce against online brand abuse and content infringement.

As far as tax stamps are concerned, OpSec provides tax stamp/traceability programmes to countries including Malta, Mozambique, Estonia, and Portugal. In early 2023, it developed an authentication and traceability programme for the state-owned tobacco authority in Lebanon.

Crane NXT is a pioneer in advanced micro-optics technology for securing physical products, and its electronic equipment and associated software leverages proprietary core capabilities with detection and sensing technologies.