CPI acquires Cummins Allison

Crane Payment Innovations (CPI), the specialist in banknote and coin validation, cashless fee methods, and asset control instrument, has introduced the purchase of Cummins Allison, supplier of coin, foreign money and take a look at dealing with answers, in addition to ATMs.

“We are extremely excited about the new opportunities created by the acquisition of Cummins Allison,” says Jan-Hinrik Bauwe, president, CPI. “The natural fit of our portfolios enables us to move forward in a way that will help our customers better achieve their goals.”

CPI, at the side of Crane Merchandising Systems and Crane Currency, is a part of the Payment & Merchandising Technologies section of Crane Co. CPI serves greater than 100 nations, and has one of the most international’s biggest put in base of fee methods.

The strategic center of attention of CPI is to supply a complete vary of top of the range fee answers, aimed on the banking, gaming, retail, transportation and merchandising markets. Drawing on many years of experience from the NRI, MoneyCode, Telequip, Money Controls, MEI and Conlux manufacturers, CPI develops subtle sensing applied sciences supported by means of clever arithmetic and experience in instrument connectivity.

Cummins Allison, a privately-held company, has been owned by means of the Jones circle of relatives since 1942. “We see this change as very positive for our customers,” says William J. Jones, chairman and CEO, Cummins Allison. “It brings together two great American companies with tremendous expertise in payment and currency processing. Our customers will have more choices for new and existing products and services, which will contribute to their ultimate success.”