Crane Co completed its acquisition of Precision Sensors & Instrumentation on 2026-01-01, according to the Form 8-K Crane Co filed with the SEC on 2026-01-05. The filing states a price of $1.06 billion.
| Acquirer | Crane Co |
|---|---|
| Acquired | Precision Sensors & Instrumentation |
| Completed | 2026-01-01 |
| Price stated in the filing | $1.06 billion |
| Reported by | Crane Co (CR), the buyer |
| Filing | Form 8-K, filed 2026-01-05 |
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What the filing says
On January 1, 2026, Crane Company (the "Company") completed its previously announced acquisition of Precision Sensors & Instrumentation ("PSI") pursuant to a Purchase Agreement dated June 6, 2025 (the "Agreement") with Baker Hughes Holdings LLC and Bently Nevada, LLC (collectively, the "Sellers").
The price, in the filing's words
Pursuant to the Agreement, the Company acquired all of Seller's interest in Panametrics, LLC, which constituted 100% of PSI, for a purchase price of $1,060 million after adjusting for expected tax benefits with a net present value of approximately $90 million, but before contractual adjustments for working capital, cash acquired, and certain other transaction-related costs.
Quoted from Crane Co's Form 8-K.
This is the only completed acquisition Crane Co reported under Item 2.01 in the last twelve months.
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Get the free SnapshotWhere this comes from
A public company must file a current report on Form 8-K with the SEC within four business days of completing a significant acquisition or disposition of assets, under Item 2.01 of the report. The acquired company sometimes files one too, when the deal makes it a subsidiary of the buyer.
Every fact on this page is taken from one of those filings and linked to it: which company acquired which, the date the filing gives for completion, and the price when the filing states one in dollars, shown next to the sentence that states it. A filing states what was bought and on what terms; it rarely states why, and neither does this page.