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Baker Hughes Sells Precision Sensors to Crane for $1.15B

6/10/2025

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Summary

Story summary

Baker Hughes Co. will sell its Precision Sensors & Instrumentation (PSI) line to Crane Co. for about $1.15 billion, closing by early 2026.
PSI, featuring brands like Druck and Panametrics, employs 1,600 people and aims for $390 million in sales by 2025.
This sale supports Baker Hughes' strategy to prioritize higher-return opportunities and boost shareholder value.
Crane will finance the acquisition with cash and debt, strengthening its aerospace, defense, and nuclear capabilities.

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Story summary

Baker Hughes Co. will sell its Precision Sensors & Instrumentation (PSI) line to Crane Co. for about $1.15 billion, closing by early 2026.
PSI, featuring brands like Druck and Panametrics, employs 1,600 people and aims for $390 million in sales by 2025.
This sale supports Baker Hughes' strategy to prioritize higher-return opportunities and boost shareholder value.
Crane will finance the acquisition with cash and debt, strengthening its aerospace, defense, and nuclear capabilities.