Baker hughes announces sale of precision sensors & instrumentation product line to crane company

Product line includes druck, panametrics and reuter-stokes brands transaction aligns with baker hughes' ongoing portfolio optimization houston and london, june 09, 2025 (globe newswire) -- baker hughes (nasdaq: bkr), an energy technology company, announced monday an agreement to sell its precision sensors & instrumentation (psi) product line to crane company (nyse: cr, “crane”), a diversified manufacturer of engineered industrial products, for a total cash consideration of approximately $1.15 billion. psi, part of baker hughes' industrial & energy technology (iet) segment, includes the druck, panametrics and reuter-stokes brands.
BKR Ratings Summary
BKR Quant Ranking