De La Rue’s authentication unit reported about $130 million in revenue with an EBITDA margin of approximately 20 percent. Its currency business is not included in the transaction. Crane NXT anticipates a double-digit return on invested capital within five years, on growth in De La Rue’s business plus synergies.

(Reuters) -British banknote printer De La Rue said on Tuesday it would sell its authentication business for 300 million pounds ($391.3 million), including debt, to industrial technology firm Crane NXT.