Merger between Crane Merchandising Systems and Crane Payment Innovations offers single point of contact and greater value for convenience services customers.
Malvern, PA (June 23, 2020) – Crane Merchandising Systems, a Crane Co. company and leading global provider of solutions for cold drink, snack, food, and premium hot beverages has merged with Crane Payment Innovations (CPI), a global leader in banknote and coin validation, cashless payment, cash processing, and asset management software. This integration reflects CPI’s continued dedication to support our customers, distributors, and OEM partners in all segments of the convenience services industry by realigning our business and resources to better address their needs.
“CPI remains committed to the needs of our OEM customers, channel partners, and operators throughout the convenience services industry,“ says Chuck Reed, VP&GM, CPI. “Uniting these two excellent teams will enable CPI to expand our capabilities, maximize our investment in innovative technologies, and enhance the partnerships that we have cultivated throughout the industry.”
With this merger, Crane Merchandising Systems portfolio will integrate with the CPI line of note and coin validators, software solutions and cash processing systems to deliver a single point of contact and even greater value for customers in the global convenience services industry.
Crane Co. is a diversified manufacturer of engineered industrial products. Crane Co. is traded on the New York Stock Exchange (NYSE:CR).
About Crane Payment Innovations
Crane Payment Innovations (CPI) provides a full range of unattended payment solutions for gaming, retail, transportation, vending, banking and self-service kiosk applications. CPI works in partnership with customers to provide complete payment and cash processing solutions – from coin and note validation to cashless systems and asset management software.
CPI is headquartered in Malvern, PA with additional offices, manufacturing facilities, distribution and service centers worldwide. The company holds one of the world’s largest installed bases of unattended payment systems.
For more information about CPI, please visit www.CranePI.com.
About Crane Merchandising Systems
Crane Merchandising Systems is the leading global provider of solutions for cold drink, snack, food and premium hot beverages. Their innovative MEDIA platform has elevated the consumer purchasing experience through the use of interactive touch screen displays combined with enhanced merchandising techniques. Combined with CPI payment technology, Crane vending machines offer a best-in-class complete solution to customers in the convenience services industry.
For more information about Crane Merchandising Systems, please visit www.CraneMS.com.