Crane company to acquire precision sensors & instrumentation from baker hughes company

Stamford, conn.--(business wire)--crane company (nyse: cr) (“crane” or the “company”), a premier industrial manufacturing and technology company, announced that it has signed an agreement to acquire precision sensors & instrumentation (“psi”), a leading provider of sensor-based technologies for aerospace, nuclear and process industries, from baker hughes (nasdaq: bkr), an energy technology company, for $1,060 million after adjusting for expected tax benefits with an estimated net present va.
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