Baker Hughes announces $1.15 billion deal

Jack Burke Senior Editor, Compressor Tech2

June 09, 2025

Crane getting sensor, instrumentation unit

Baker Hughes has agreed to sell its Precision Sensors & Instrumentation (PSI) business to Crane Co. for approximately $1.15 billion in cash, a move that advances Baker Hughes’ effort to streamline its portfolio and focus on core industrial and energy technologies.

The transaction, announced June 9, includes globally recognized brands…

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Jack Burke Senior Editor Tel: +1 262 527 0815 E-mail: [email protected]
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