Baker Hughes Closes Sale of Precision, Sensors & Instrumentation Product Line to Crane Company
Transaction strengthens balance sheet and liquidity with cash proceeds of $1.15 USD billion before customary closing adjustments
Baker Hughes, an energy technology company, announced Monday the successful closing of the sale of its Precision Sensors & Instrumentation (PSI) product line to Crane Company. PSI includes the Druck, Panametrics and Reuter-Stokes brands. The Company had announced the divesture in July 2025.
With the recently announced formation of a joint venture for its surface pressure control product line, these transactions represent an important milestone in Baker Hughes’ value-creation strategy, reinforcing the Company’s commitment to disciplined portfolio management, operational execution and capital efficiency. The transactions enhance earnings and cash flow durability, enable the redeployment of capital toward higher-return opportunities, and provide cash proceeds to further strengthen the balance sheet, all within a rigorous, returns-focused approach to capital allocation.
