In a seismic shift for the industrial manufacturing landscape, Crane Co. has struck a $1.15 billion deal to acquire Precision Sensors & Instrumentation (PSI) from Baker Hughes, launching a power move that could redefine the contours of aerospace, nuclear, and process technology industries.
The Players and the Price Tag
The deal, announced Monday, sees Crane Co., represented by legal powerhouse K&L Gates LLP, buying PSI—currently under the wing of energy tech giant Baker Hughes, advised by Baker & McKenzie LLP. The all-cash acquisition underscores Crane’s ambition to solidify its command over high-stakes, high-performance sensor technology.
A Triple Threat of Tech Brands
Crane’s takeover will bring under its wing three elite PSI brands: Druck, Reuter-Stokes, and Panametrics. These brands aren’t just extensions—they’re strategic accelerators, engineered to dovetail with Crane’s core business segments: Aerospace & Electronics and Process Flow Technologies.
According to Crane CEO Max Mitchell, these technologies are the missing puzzle pieces that will supercharge Crane’s existing capabilities. PSI, known for rugged sensor-based innovations, is projected to deliver $390 million in net sales in 2025 alone.
