Press release
Baker Hughes Closes Sale of Precision, Sensors & Instrumentation Product Line to Crane Company
Transaction strengthens balance sheet and liquidity with cash proceeds of $1.15 billion before customary closing adjustments HOUSTON and LONDON, Jan. 05, 2026
About this update from Baker Hughes Company
[{"type":"text","content":"Transaction strengthens balance sheet and liquidity with cash proceeds of $1.15 billion before customary closing adjustments HOUSTON and LONDON, Jan. 05, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR, “the Company”), an energy technology company, announced Monday the successful closing of the sale of its Precision Sensors & Instrumentation (PSI) product line to Crane Company (NYSE: CR, “Crane”). PSI includes the Druck, Panametrics and Reuter-Stokes brands, and the Company had announced the divesture in July 2025. With the recently announced formation of a joint venture for its surface pressure control product line, these transactions represent an important milestone in Baker Hughes’ value-creation strategy, reinforcing the Company’s commitment to disciplined portfolio management, operational execution and capital efficiency. The transactions enhance earnings and cash flow durability, enable the redeployment of capital toward higher-return opportunities, and provide cash proceeds to further strengthen the balance sheet, all within a rigorous, returns-focused approach to capital allocation. About Baker HughesBaker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com. For more information, please contact: Media Relations Adrienne M. Lynch+1 [email protected] Investor Relations Chase Mulvehill+1 [email protected] \nSource: Baker Hughes","length":4562,"tagName":"div"}]