Crane Co. has strengthened its technology portfolio by acquiring Microtronic AG, a manufacturer of closed-site and mobile payment solutions for the European vending market.
Microtronic’s capabilities will be a great complement to Crane’s platform of electronic payment and connectivity solutions, which are available through Crane Payment Innovations.
Eric Kaled, senior vice president and general manager for Crane Connectivity Solutions, said: “We strive to simplify connectivity technology for our customers worldwide, and the integration of Microtronic will be a critical element in achieving this goal.
“Combining Microtronic and Crane technology enables us to deliver a unified open, close and mobile payment solution. The result is better functionality and lowest total cost ownership for our global customers.”