Crane NXT Co., an industrial technology company, announced the completion of its separation from Crane Company, and its launch as an independent, publicly traded company. Crane NXT began trading on the New York Stock Exchange on April 4, 2023, under the ticker CXT.
Crane NXT’s president and CEO, Aaron W. Saak, said in the announcement: “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, Saak and the Crane NXT leadership team rang the New York Stock Exchange’s Closing Bell on April 4, 2023.