{"id":923564,"date":"2026-01-05T09:34:30","date_gmt":"2026-01-05T14:34:30","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-closes-sale-of-precision-sensors-instrumentation-product-line-to-crane-company\/"},"modified":"2026-01-05T09:34:30","modified_gmt":"2026-01-05T14:34:30","slug":"baker-hughes-closes-sale-of-precision-sensors-instrumentation-product-line-to-crane-company","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-closes-sale-of-precision-sensors-instrumentation-product-line-to-crane-company\/","title":{"rendered":"Baker Hughes Closes Sale of Precision, Sensors &amp; Instrumentation Product Line to Crane Company"},"content":{"rendered":"<div class=\"mw_release\">\n<ul type=\"disc\">\n<li>\n          <em>Transaction strengthens balance sheet and liquidity with cash proceeds of $1.15 billion before customary closing adjustments<\/em><br \/>\n          \n        <\/li>\n<\/ul>\n<p>HOUSTON and LONDON, Jan.  05, 2026  (GLOBE NEWSWIRE) &#8212; Baker Hughes (NASDAQ: BKR, \u201cthe Company\u201d), an energy technology company, announced Monday the successful closing of the sale of its Precision Sensors &amp; Instrumentation (PSI) product line to Crane Company (NYSE: CR, \u201cCrane\u201d). PSI includes the Druck, Panametrics and Reuter-Stokes brands, and the Company had\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=JNp6lqgCjkQ2MNSBjnBZZq-YKEBnYjbF8kHkwXUsaYIcGrQiUiDkELtzOaw_iHo4QnDxcgIp3vFcPHTC5L-56naJlVmyGqe2uFYJ0tlDiVJhOHtwdRqigcgmj-e8B--FLv5pBPjSpsh1O2fIFkxudKJX_gp0krO0C_KcF0OXRhXkkCX2IGAUl8LJtDZMlKBcP9EvGzJEv9ksnKEfTMz9P20DiNFWA05TtYQA-MzEPaZGWxpbfio2y95h4sks30xa\" rel=\"nofollow\" target=\"_blank\">announced the divesture<\/a> in July 2025.<\/p>\n<p>With the recently announced formation of a joint venture for its <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=GbvLZPE-EuVitxf20PxnFl2tkSYV92J-mGaaVtjycR10bc05t53qCDZanm32ei9ZB79bVbaKzhMxdYA88ndcTQaDj9R2oe7Erk_JalIc_9IyYHD62Yp8eedzmtj0RE2ii-M7N9U5aLRQMBOlf1Ck6bxdDPxYKUTQoBxbgr-56OVJuyZuzExuTYTs8exLomGhBfh9EPnSjjOnzI3kCBtRWQguX_IbiW_M1hA_hiSRngFzOHMQP_M_2y73SZEjDgYK\" rel=\"nofollow\" target=\"_blank\">surface pressure control<\/a> product line, these transactions represent an important milestone in Baker Hughes\u2019 value-creation strategy, reinforcing the Company\u2019s 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.<\/p>\n<p>\n        <strong>About Baker Hughes<\/strong><br \/>\n        <br \/>Baker 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 \u2013 making it safer, cleaner and more efficient for people and the planet. Visit us at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=OU3qk9EhzJPIm-nI77V6UGbEdROgp3XuNUgPvJXY78qVd3wR8TNnSZYyk5ZT_qbzG0rOul3vuakXdaNs6jAvQHhQ-etPtr1ETVgE1AQjFBs=\" rel=\"nofollow\" target=\"_blank\">bakerhughes.com<\/a>.<\/p>\n<p>\n        <strong>For more information, please contact:<\/strong>\n      <\/p>\n<p>\n        <strong>Media Relations <\/strong>\n      <\/p>\n<p>Adrienne M. Lynch<br \/>+1 713-906-8407<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=VqNupywD02572aB8hV6t4rveN0HLcBGceyVf6xC3wfM_Pa9mWeKbDeceZdpLuBvblKqAqdOe3lauAbxDwsBsdY8KAUUVWA9oOETEGCptzYLyePNQE-NZEEArXL9aoRxv\" rel=\"nofollow\" target=\"_blank\">adrienne.lynch@bakerhughes.com<\/a>\u00a0<\/p>\n<p>\n        <strong>Investor Relations<\/strong>\n      <\/p>\n<p>Chase Mulvehill<br \/>+1 346-297-2561<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=atPLlSMPshi-xR7eYk9EKjchYX8jdxNozaGFyrDbZBCOcIHKP-_fEOT-ZEKGOWCn2JsUzkEi0jgGvhSAevrmCw1diNiLfhZYl8_rq6cexjbPmmkxlz9zLJvHvwsuIAk4y2SJJTK_51ntMIzg6qSI0Q==\" rel=\"nofollow\" target=\"_blank\">investor.relations@bakerhughes.com<\/a>\u00a0<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTYxOTA1OSM3MzM5OTI4IzIwMDU2NDA=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/Nzk1NDNkNDAtYTNiNC00ZjM3LTlhY2UtMGFhZWYxNmVmMjc0LTEwMTcyMTMtMjAyNi0wMS0wNS1lbg==\/tiny\/Baker-Hughes-Energy-Services-L.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>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) &#8212; Baker Hughes (NASDAQ: BKR, \u201cthe Company\u201d), an energy technology company, announced Monday the successful closing of the sale of its Precision Sensors &amp; Instrumentation (PSI) product line to Crane Company (NYSE: CR, \u201cCrane\u201d). PSI includes the Druck, Panametrics and Reuter-Stokes brands, and the Company had\u00a0announced 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\u2019 value-creation strategy, reinforcing the Company\u2019s commitment to disciplined portfolio management, operational execution and capital efficiency. The transactions enhance earnings and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-closes-sale-of-precision-sensors-instrumentation-product-line-to-crane-company\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Baker Hughes Closes Sale of Precision, Sensors &amp; Instrumentation Product Line to Crane Company&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-923564","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Baker Hughes Closes Sale of Precision, Sensors &amp; Instrumentation Product Line to Crane Company - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-closes-sale-of-precision-sensors-instrumentation-product-line-to-crane-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Baker Hughes Closes Sale of Precision, Sensors &amp; Instrumentation Product Line to Crane Company - Market Newsdesk\" \/>\n<meta property=\"og:description\" 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) &#8212; Baker Hughes (NASDAQ: BKR, \u201cthe Company\u201d), an energy technology company, announced Monday the successful closing of the sale of its Precision Sensors &amp; Instrumentation (PSI) product line to Crane Company (NYSE: CR, \u201cCrane\u201d). PSI includes the Druck, Panametrics and Reuter-Stokes brands, and the Company had\u00a0announced 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\u2019 value-creation strategy, reinforcing the Company\u2019s commitment to disciplined portfolio management, operational execution and capital efficiency. 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PSI includes the Druck, Panametrics and Reuter-Stokes brands, and the Company had\u00a0announced 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\u2019 value-creation strategy, reinforcing the Company\u2019s commitment to disciplined portfolio management, operational execution and capital efficiency. 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