Baker Hughes announced it has completed the sale of its Precision Sensors & Instrumentation (PSI) product line to Crane Company, generating cash proceeds of $1.15 billion before customary closing adjustments. The divested business includes the Druck, Panametrics and Reuter-Stokes brands, and the transaction was first announced in July 2025.

The company said the sale, together with the recently announced joint venture for its surface pressure control product line, represents a key step in its value-creation strategy. Baker Hughes stated that the transactions strengthen its balance sheet and liquidity, enhance earnings and cash flow durability, and enable capital to be redeployed toward higher-return opportunities in line with its disciplined capital allocation approach.

Source: Globe Newswire