Crane to Buy Telequip
The deal is pegged at $45 million.
Crane
(CR) - Get Crane Holdings Co. Report
agreed to buy Telequip, a Salem, N.H., coin dispensing outfit, for about $45 million in cash.
The company expects the deal to close in about two weeks. Telequip is expected to have sales of about $23 million in 2006.
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"We expect this acquisition will be neutral to our earnings in 2006," the company said.
This story was created through a joint venture between TheStreet.com and IRIS.
