Vending

Crane Merchandising Systems merges with Crane Payment Innovations

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June 24, 2020

Crane Merchandising Systems, a Crane Co. company and global provider of solutions for cold drink, snack, food and premium hot beverages, has merged with Crane Payment Innovations, a provider of banknote and coin validation, cashless payment, cash processing and asset management software, according to a press release.

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.

"CPI remains committed to the needs of our OEM customers, channel partners, and operators throughout the convenience services industry," Chuck Reed, vice president and general manager of CPI, said in the release. "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."