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AI brief of an SEC Form 8-K · Crane (CR)

Crane agrees to buy Precision Sensors & Instrumentation for $1,060 million

Neutral Impact 4 of 5 m&a Written later

Crane Company agreed on June 6, 2025 to acquire Precision Sensors & Instrumentation from Baker Hughes and Bently Nevada for $1,060 million after adjusting for expected tax benefits with a net present value of approximately $90 million. The deal is subject to regulatory approvals and customary closing conditions, with closing expected at the end of 2025 or early 2026, and Crane plans to fund it with cash on hand and additional debt.

Key points

  • Purchase price of $1,060 million, after adjusting for expected tax benefits with a net present value of approximately $90 million
  • PSI is expected to have 2025 sales of approximately $390 million and adjusted EBITDA of approximately $60 million
  • Crane estimates net debt to adjusted EBITDA of approximately 1x after the acquisition
  • Closing expected at the end of 2025 or early 2026, subject to regulatory approvals

The filing

CompanyCrane (CR)
Form8-K, current report
Filed with the SECJun 9, 2025, 4:45 PM ET
Accession number0001193125-25-137875

Items reported: 1.01 Material Definitive Agreement8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 09, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.