15 suspects were arrested yesterday in connection with the investigation, which seized €13m in tobacco and cigarettes.
Schmid will take up office on November 15 for a four-year term, replacing current president Ladislav Hamran.
Russia provided targeting data for the Houthis as they attacked ships with missiles and drones, it is claimed.
Europol-partnered report says that counterfeits are estimated to account for 5.8 per cent of EU trade.
All of the vapes originated from China and some of them were direct counterfeits of brand-name e-cigarettes.
The takeover comes just a few months after Crane NXT completed the acquisition of OpSec for $270m.