Baker Hughes divests unit to Crane for $1.15 billion

HOUSTON, June 9, 2025 – Baker Hughes has agreed to sell its precision sensors and instrumentation product line to Crane Company for around USD 1.15 billion, the energy technology company said on Monday.

The PSI unit is part of Baker Hughes’ Industrial & Energy Technology segment and provides instrumentation and sensor-based solutions for pressure, flow, gas, moisture and radiation analysis. The divestment includes all business assets, including the Druck, Panametrics and Reuter-Stokes brands.

Around 1,600 people are employed under the PSI unit across several manufacturing and service facilities worldwide. The move supports Baker Hughes’ strategy to optimise its portfolio and focus on core areas such as rotating equipment, asset performance management, flow control and decarbonisation.

“This transaction continues the progress we have made in enhancing our strategic focus on IET’s core competencies… reinforcing our commitment to long-term value for our shareholders,” Baker Hughes chairman and CEO Lorenzo Simonelli said.

Crane Company is a US-based manufacturer of highly engineered industrial products. It serves key end markets including aerospace, defence, space and process industries, and focuses on critical applications requiring high performance and reliability.

The transaction is expected to close by the end of 2025 or early 2026, subject to regulatory approvals and customary closing conditions.

Baker Hughes is a global energy technology company operating in more than 120 countries. It provides integrated services and technologies across the energy spectrum, including oilfield services, energy transition technologies and digital solutions for asset optimisation.

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