Crane Payment Innovations, Inc., a wholly owned subsidiary of U.S. Crane Co., acquired all shares in Switzerland based Microtronic AG.
Crane Co. is a diversified manufacturer of highly engineered industrial products. With over 11,000 employees working together across 26 countries, Crane generated 2016 net sales of $2.7 billion.
Microtronic AG, headquartered in Oensingen, Switzerland, is an innovative manufacturer of electronic payment and identification systems, which for decades serves a customer base including numerous large transnational companies.
Crane Co. was advised by an Orrick team headed by Düsseldorf M&A and Private Equity Partner Stefan Weinheimer. The team further included Partners Konstantin Heitmann (M&A and Private Equity, Düsseldorf), Stefan Renner (M&A and Private Equity, Düsseldorf), Vanessa Liborio (Geneva), Christian Schröder (IP/IT Data Privacy, Düsseldorf), André Zimmermann (Employment, Düsseldorf), Till Steinvorth (Antitrust, Düsseldorf), and Stefan Schultes-Schnitzlein (Tax, Düsseldorf) as well as Associates Christoph Wenderoth (M&A and Private Equity, Düsseldorf), Sophie Ratzke (IP/IT Data Privacy, Düsseldorf), and Louisa Kallhoff (Employment, Düsseldorf).