Baker Hughes Completes Sale of Instrumentation Product Line to Crane Company

06 Jan Baker Hughes Completes Sale of Instrumentation Product Line to Crane Company

(Oilandgaspress) Baker Hughes announced the successful closing of the sale of its Precision Sensors & Instrumentation (PSI) product line to Crane Company . 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.

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