Flash FinanceUS
Pre-market S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Crane (CR)

Crane completes $1.06 billion acquisition of Precision Sensors & Instrumentation

Neutral Impact 4 of 5 m&a Written later

Crane Company completed its purchase of Precision Sensors & Instrumentation (PSI) from Baker Hughes on January 1, 2026, under a purchase agreement dated June 6, 2025. The filing states a purchase price of $1,060 million, before contractual adjustments for working capital, cash acquired and certain transaction costs. Crane said it will discuss the acquisition on its fourth quarter 2025 earnings call on January 27, 2026.

Key points

  • Acquisition completed January 1, 2026; the Company acquired 100% of PSI through Panametrics, LLC
  • Purchase price of $1,060 million, after adjusting for expected tax benefits with a net present value of approximately $90 million
  • Sellers were Baker Hughes Holdings LLC and Bently Nevada, LLC
  • Fourth quarter 2025 earnings release set for January 26, 2026; teleconference January 27, 2026 at 10:00 AM Eastern

The filing

CompanyCrane (CR)
Form8-K, current report
Filed with the SECJan 5, 2026, 4:45 PM ET
Accession number0001193125-26-002601

Items reported: 2.01 Acquisition or Disposition Completed8.01 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 January 05, 2026.

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.