Crane NXT appoints Hans Lidforss as senior vice president of strategy

Feb. 29, 2024
Lidforss brings over 20 years of experience leading corporate strategy and M&A for multinational organizations.

Crane NXT, Co., a premier industrial technology company, announced it has appointed Hans Lidforss as senior vice president of strategy. In this new role, Lidforss will be responsible for advancing the company’s strategy and creating new avenues for growth, including identifying and executing opportunities for M&A, growth ventures and partnerships. Lidforss will report directly to Aaron W. Saak, president and CEO, Crane NXT.

Saak said in the announcement: “I am thrilled to welcome Hans to our team. Hans’ deep experience developing and implementing growth strategies for large multinational organizations will be a tremendous asset as we advance our plan to grow Crane NXT to $3 billion in revenues by 2028. I look forward to partnering with Hans to accelerate our growth and create compounding, long-term shareholder value.”

Lidforss added in the announcement: “I am honored to join Crane NXT at such an exciting time for the company. With a leading portfolio of trusted technology solutions that secure, detect, and authenticate customers’ most valuable assets, a strong financial foundation, and a long track record of innovation, Crane NXT is well-positioned to drive continued growth and expansion. I look forward to working with Aaron and the entire team to capitalize on these significant opportunities to strengthen our core business and expand into high growth adjacencies.”

Lidforss joins Crane NXT from Sensata Technologies, where he was senior vice president, chief strategy and corporate development officer. During his nearly 10-year tenure at Sensata, he led 13 successful acquisitions and developed strategies to expand Sensata’s portfolio in IoT and electrification. Prior to Sensata, Lidforss was senior vice president, corporate strategy at Taleo where he developed strategies and led M&A activities to expand the product portfolio into new business and market segments. Previous roles include VP, strategy and corporate development and head of M&A within HP’s Technology Solutions Group where he increased the business’s global scale and scope in software, storage, and IT services. Earlier in his career, Lidforss held roles of increasing responsibility at GE where he led business development, operational improvement and integration activities. He started his career as a management consultant at McKinsey & Company.

Lidforss holds a Master of Science from the Linkoping Institute of Technology in Industrial Engineering and Management and an MBA from the Kellogg School of Management at Northwestern University.

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