The Strategist
The Strategist

Crane to buy Baker Hughes' sensor technology business for $1.2bn



06/10/2025 - 07:15



Crane Co., a manufacturer of industrial products in the US, has reached an agreement to purchase the sensor technology division of Baker Hughes Co. for $1.15 billion.



Jeff Easter
Jeff Easter
Crane stated that the acquisition of Precision Sensors & Instrumentation (PSI) will be cash-based, and its worth includes an anticipated tax advantage of approximately $90 million. 

The deal is set to finalize in late 2025 or early 2026. 

PSI anticipates revenue of $390 million in 2025 and adjusted EBITDA of $60 million.

source: bloomberg.com