Baker Hughes Sells Precision Sensors Line to Crane Company
Baker Hughes announced the sale of its Precision Sensors & Instrumentation product line, including brands like Druck, Panametrics, and Reuter-Stokes, to Crane Company for approximately $1.15 billion, as part of its strategy to focus on core competencies and optimize its portfolio. The transaction is expected to close by early 2026, subject to regulatory approvals.