Crane Company closed a $1.15 billion cash transaction on January 5 2026 to acquire Precision Sensors & Instrumentation (PSI) from Baker Hughes. The deal brings PSI’s Druck, Panametrics and Reuter‑Stokes sensor brands into Crane’s Aerospace & Electronics and Process Flow Technologies segments, expanding the company’s high‑margin sensor portfolio and doubling its nuclear‑related capabilities.
The transaction is expected to add roughly $390 million in annual high‑margin sensor revenue and to be accretive to earnings within a few years. Crane plans to maintain net leverage just above 1× after the close, preserving balance‑sheet flexibility for future growth. The acquisition also creates cross‑segment synergies, as PSI’s advanced pressure‑sensing, ultrasonic flow, and radiation‑sensing technologies complement Crane’s existing manufacturing and certification strengths.
Prior to the deal, Crane reported Q3 2025 earnings of $1.64 per share, beating estimates of $1.48, and trailing‑twelve‑month earnings of $365.9 million, a 38.2 % year‑over‑year increase. The company’s Process Flow Technologies and Aerospace & Electronics segments generated $1.25 billion and $1.01 billion in revenue, respectively. The PSI acquisition builds on this momentum by adding a new high‑margin revenue stream that aligns with Crane’s focus on mission‑critical products.
CEO Max H. Mitchell said PSI is a “unique asset with three iconic brands that are highly complementary to both of our segments,” while COO Alex Alcala described the deal as an “important next step in our multi‑year, ongoing portfolio evolution.” Crane will deploy its “Crane Business System” to drive commercial and operational excellence, targeting margin expansion through disciplined cost control and scale.
The acquisition positions Crane to capture secular growth in aerospace, defense and process industries, reinforcing its high‑margin sensor portfolio and expanding its market reach. By integrating PSI’s technologies, Crane can accelerate product development, deepen customer relationships, and enhance its competitive moat in defense and aerospace markets.
The deal follows a strong Q3 2025 earnings report that highlighted robust demand and margin resilience. While the market’s immediate reaction to the acquisition has not been quantified, the transaction signals Crane’s continued commitment to strategic, high‑margin growth and its confidence in sustaining financial flexibility.
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