Common Stock, par value $1.00
- Symbol
- CR
- Exchange
- NYSE
- Classification
- COMMON
- Status
- Current
Current Report · Items 2.01, 8.01, 9.01 · 8-K
Crane Company
CRNYSEEQUITYCurrent
Completion of Acquisition or Disposition of Assets · Other Events
Item 2.01 Completion of Acquisition or Disposition of Assets. On January 1, 2026, Crane Company (the “Company”) completed its previously announced acquisition of Precision Sensors & Instrumentation (“PSI”) pursuant to a Purchase Agreement dated June 6, 2025 (the “Agreement”) with Baker Hughes Holdings LLC and Bently Nevada, LLC (collectively, the “Sellers”).…
Company context
Crane Company has delivered innovation and technology-led solutions to its customers since its founding in 1855. Today, Crane is a leading manufacturer of highly engineered components for challenging, mission-critical applications focused on the aerospace, defense, space and process industry end markets. The Company has two strategic growth platforms, Aerospace & Electronics and Process Flow Technologies. Crane has approximately 8,500 employees in the Americas, Europe, the Middle East, Asia and Australia. For more information, visit www.craneco.com.
Current securities
Registered securities in this filing
Crane Co · 8-K · Filed 2026-01-05
Disclosure sections
Item 2.01Item 2.01 - Completion of Acquisition
Item 2.01 Completion of Acquisition or Disposition of Assets.
On January 1, 2026, Crane Company (the “Company”) completed its previously announced acquisition of Precision Sensors & Instrumentation (“PSI”) pursuant to a Purchase Agreement dated June 6, 2025 (the “Agreement”) with Baker Hughes Holdings LLC and Bently Nevada, LLC (collectively, the “Sellers”). Pursuant to the Agreement, the Company acquired all of Seller’s interest in Panametrics, LLC, which constituted 100% of PSI, for a purchase price of $1,060 million after adjusting for expected tax benefits with a net present value of approximately $90 million, but before contractual adjustments for working capital, cash acquired, and certain other transaction-related costs.
SECTION 8 - OTHER EVENTS
Item 8.01Item 8.01 - Other Events
Item 8.01 Other Events.
On January 5, 2026, the Company issued a press release announcing the completion of the acquisition of PSI from Baker Hughes. A copy of the Company’s press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
Filed exhibits (1)
Exhibit 99.1 Crane Company NEWS Contacts: Jason D. Feldman, SVP, Investor Relations, Treasury & Tax Allison Poliniak, VP Investor Relations IR@craneco.com www.craneco.com C RANE C OMPANY C OMPLETES A CQUISITION OF P RECISION S ENSORS & I NSTRUMENTATION AND A NNOUNCES D ATE FOR F OURTH Q UARTER 2025 E ARNINGS R ELEASE AND T ELECONFERENCE STAMFORD, CONNECTICUT - January 5, 2026 - Crane Company (NYSE:CR) (“Crane” or the “Company”), a premier industrial manufacturing and technology company, today announced that it has closed on the previously announced acquisition of Precision Sensors & Instrumentation (“PSI”), a leading provider of sensor-based technologies for aerospace, nuclear and process industries, from Baker Hughes (NASDAQ: BKR). Crane will provide comments about the acquisition in its upcoming fourth quarter fiscal year 2025 earnings call, which is scheduled as follows: Earnings Release: January 26, 2026 after close of market by public distribution and the Crane Company website at www.craneco.com. ───────────────────────────────────────────────────────────────────────────────────────────────────────── Teleconference: January 27, 2026 at 10:00 …
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