Crane Co Founded in 1855, Chicago

“You can’t run a railroad or build a dam, operate a paper mill or lay a sewer, dig an oil well or heat a hospital, or launch a battleship or even take a shower without using one of the more than 40,000-odd products that are made by Crane Co.”

– Fortune magazine, 1936


NRI Founded in 1959, Germany

NRI developed the first electronic coin validator in 1972 which was installed in ticket machines for the Olympic Games in Munich. Since then, NRI products have lead the industries with many innovative coin validators, coin changers and hoppers for various applications.

Joined Crane: 1985


Cashcode Founded in 1991, Toronto, Canada

CashCode started developing bill validators in 1991 and has continued its work with award winning products and patents. In 2000 CashCode introduced its first frontload bill validator and continued its developments to meet the global realization of multi-width currencies and engineered a truly automatic multi-width note alignment mechanism. In 2003, the company revolutionized several industries with their bill recycling technology, spawning an entire new line of products.

Joined Crane: 2006

Telequip Founded in 1975, US

Telequip specialize in coin dispensing applications which can be found in thousands of self-checkout systems in retail stores throughout the world. Delivering innovative solutions for the retail, food service, and hospitality industries has earned the Telequip brand a first-class reputation for supplying coin dispensing products.

Joined Crane: 2006


Money Controls Founded in 1967, Manchester

Money Controls Holdings Ltd. designs and manufactures electronic, mechanical, and electro-mechanical devices for validating, accepting, and dispensing coins, notes, and other transaction media. The company's products include coin and token hoppers, card dispensers, coin management modules, thermal printers, pay-out units, note/bill acceptors, and accessories.

Joined Crane: 2010


Nippon Conlux Founded in 1967, Sakado, Japan

Formerly known as Nippon Coinco, changed its name to Nippon Conlux Co in September 2006. Nippon Conlux manufactured the Japan's first coin mechanism in 1967 which is registered among the materials on the history of industrial technology with National Museum of Nature and Science in Tokyo. The company also developed the world's first LSI-operated coin mechanism as well as Japan's first general purpose bill validator. Conlux maintains the top market share in Japan for coin mechanism and bill validators.

Joined Crane: 2013

MEI Founded in 1969, by Mars, Inc.

MEI was founded by Mars, Inc. in response to the demand for better coin recognition technology for vending machines. In 2003, MEI acquired Conlux, the Japanese leader in coin mechanisms and bill validators.  MEI was acquired by Advantage Partners and Bain Capital in 2006. Crane Co. completed the acquisition of MEI Conlux Holdings in December 2013.

Joined Crane: 2013


Microtronic AG

Microtronic AG is a leading manufacturer of closed-site and mobile payment solutions for the European vending market, based in Oensingen, Switzerland. The company’s portfolio includes, but it is not limited, to loading stations, POS systems, MIFARE readers and online payment and marketing platforms.

Joined Crane: 2017

Crane Payment Innovations, Created in 2014

CPI, along with Crane Merchandising Systems, forms the Merchandising Systems business segment of Crane Co., a diversified manufacturer of highly engineered industrial products. CPI serves over 100 countries, and has one of the world’s largest installed base of payment systems.

The strategic focus of CPI is to provide a full range of high quality money handling solutions, aimed at the financial services, gaming, retail, transportation and vending markets. Drawing on decades of heritage and expertise from the NRI, CashCode, Telequip, Money Controls and most recently MEI and Conlux brands, our team develops core validation technology to provide a range of payment systems and associated products with high security protection.

Combined as one company, CPI offers the most extensive range of bill and coin validators and recyclers, coin hoppers and dispensers, plus software applications. All our products and technologies offer real end user benefits, from the highest level of security and fast acceptance rates, to low maintenance and labor costs.

We pride ourselves on our people and our customer-centric focus. Customers come first as we constantly monitor trends in our markets to ensure all products meet your needs and provide a unique beneficial solution to your business.