US EditionBaker Hughes to Sell Precision Sensors & Instrumentation to Crane ...
- On Monday, Crane Company announced it will acquire Baker Hughes' Precision Sensors & Instrumentation business for $1.15 billion in cash.
- Baker Hughes chose to sell PSI to sharpen its focus on core competencies like rotating equipment, asset management, flow control, and decarbonization through strategic portfolio management.
- PSI, which employs about 1,600 people and operates globally, is recognized for rugged sensor innovations and is forecasted to generate $390 million in 2025 net sales.
- Lorenzo Simonelli, CEO of Baker Hughes, stated that this deal marks another step forward in sharpening their strategic priorities, aiming to boost returns and uphold their dedication to generating sustained value for shareholders.
- The transaction is anticipated to finalize towards the end of 2025 or the beginning of 2026, subject to the completion of regulatory review, enabling Crane to enhance its capabilities in nuclear and aerospace sensors.
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Bluefield Daily Telegraph
Bluefield Daily TelegraphBaker Hughes Announces Sale of Precision Sensors & Instrumentation Product Line to Crane Company
Product line includes Druck, Panametrics and Reuter-Stokes brandsTransaction aligns with Baker Hughes’ ongoing portfolio optimization HOUSTON and LONDON,...
Baker Hughes Announces Sale of Precision Sensors & Instrumentation Product Line to Crane Company - Baker Hughes (NASDAQ:BKR), Crane (NYSE:CR)
Product line includes Druck, Panametrics and Reuter-Stokes brands Transaction aligns with Baker Hughes' ongoing portfolio optimization HOUSTON and LONDON, June 09, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:BKR), an energy technology company, announced Monday an agreement to sell its Precision Sensors & Instrumentation (PSI) product line to Crane Company (NYSE:CR, "Crane")), a diversified manufacturer of engineered industrial products, for a …
·New York, United States
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