We are advising Crane NXT on the acquisition

Davis Polk is advising Crane NXT, Co. on its acquisition of OpSec Security from Investcorp Technology Partners for $270 million in cash. The transaction is expected to close in the second quarter of 2024, subject to customary closing conditions.

Crane NXT is an industrial technology company that provides proprietary and trusted technology solutions to secure, detect and authenticate what matters most to its customers. Based in Waltham, Massachusetts, Crane NXT is a pioneer in advanced, proprietary micro-optics technology for securing physical products, and its sophisticated electronic equipment and associated software leverages proprietary core capabilities with detection and sensing technologies.

Headquartered in Lancaster, Pennsylvania, OpSec Security protects, authenticates and enhances its customers’​ brands, services and revenues. OpSec delivers a comprehensive suite of end-to-end solutions, including advanced physical security technologies, supply chain track and trace services, and online/e-commerce monitoring and analysis.

Investcorp is a global investment manager, specializing in alternative investments across private equity, real estate, credit, absolute return strategies, GP stakes, infrastructure, strategic capital and insurance asset management. Based in Manama, Bahrain, Investcorp has offices across the United States, Europe, GCC and Asia, including India, China, Japan and Singapore, and over $50 billion in total assets under management.

The Davis Polk corporate team includes partner Leonard Kreynin and associates Heather Weigel and Jessica Poggi. Partner Corey M. Goodman and associate Dov Sussman are providing tax advice. Partner Dominic Foulkes is providing U.K. tax advice. Partner Jennifer S. Conway, counsel Neil Sharpe and associates Elizabeth Smith and Laetitia Krisel are providing executive compensation advice. Members of the Davis Polk team are based in the New York and London offices. 

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