WALTHAM, Mass.–(BUSINESS WIRE)–Crane NXT, Co. (“Crane NXT,” NYSE: CXT), a premier industrial technology company, today announced the completion of its separation from Crane Company, and its launch as an independent, publicly traded company. Crane NXT will begin trading on the New York Stock Exchange on April 4, 2023 under the ticker “CXT.”
Crane NXT’s President and CEO, Aaron W. Saak, commented: “Today marks a major milestone for NXT as we begin our journey as a newly independent company. Our entire strong and talented team is energized and excited about the opportunities ahead of us. We are starting this next chapter from a position of strength with a solid financial profile, differentiated technology, and a strong set of core capabilities. We see the potential to drive substantial long-term shareholder value by growing our core businesses while expanding into high-growth adjacencies.”
To celebrate the completion of the separation transaction and first day of trading as an independent publicly traded company, Mr. Saak and the Crane NXT leadership team will ring the New York Stock Exchange’s Closing Bell® at 4:00pm ET on April 4, 2023.
About Crane NXT, Co.
Crane NXT is a premier industrial technology company that provides proprietary and trusted technology solutions to secure, detect, and authenticate what matters most to its customers. The company 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. Crane NXT has approximately 4,000 employees with global operations and manufacturing facilities in the United States, the United Kingdom, Mexico, Japan, Switzerland, Germany, Sweden, and Malta. For more information, visit www.cranenxt.com.
