Suzo-Happ acquires product lines from Crane

Crane will provide transition services to facilitate the integration of both product lines into Suzo’s global operating structure and the latter has hired key employees for the product lines from Crane, including members of sales and technical service teams.

The move follows completion of Crane’s us$ 804 million acquisition of MEI in December, a condition of which was to “implement remedies” relating to the two product lines.

“Completing the acquisition of these globally recognised, market-leading technologies represents a major milestone for our company and our strategic initiatives to expand our core technology and offering of manufactured products to key vertical markets,” said James Brendel, CEO of Suzo-Happ.

“Including the Bill-to-Bill banknote recycler to our existing portfolio of component solutions for the transportation market significantly increases our value proposition to key customers throughout the region,” said Marcel Oelen, managing director of Suzo-Happ Europe. “The expansion of our long history of coin handling expertise with the addition of Currenza C2 gives us access to the growing vending market with substantial market share opportunities for our existing product lines.”