We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Baker Hughes Completes Divestiture of Its PCI Unit to Crane
Read MoreHide Full Article
Key Takeaways
BKR completed the divestiture of its PSI unit to Crane for $1.15B.
Baker Hughes transferred PSI technology, physical locations, tools and about 1,600 employees to Crane.
BKR stated the move supports asset management, operational efficiency and disciplined investment priorities.
Baker Hughes Company (BKR - Free Report) has completed the divestiture of its Precision, Sensors and Instrumentation (PSI) unit to Crane Company (CR - Free Report) . The key sensor and instrumentation brands under the PSI unit are Druck, Panametrics and Reuter-Stokes.
On June 9, 2025, BKR announced the deal for the divestiture of its PSI business to Crane for $1.15 billion in cash.
Baker Hughes has divested the entire PSI unit to Crane, with the transaction covering its technology, tools, physical locations and roughly 1,600 employees.
The company’s divestment program is in line with its strategy to focus on asset management, operational efficiency and disciplined investment. Such deals enable BKR to generate cash that can be invested in more profitable businesses while strengthening its balance sheet, increasing investor appeal.
BKR and CR each carry a Zacks Rank #3 (Hold) at present. Crude oil prices influence BKR’s revenues, as it generates revenues from selling its products and services to oil and gas exploration and production companies. With West Texas Intermediate crude oil prices trailing below $60 per barrel, the business environment of oil and gas exploration and production companies remains under pressure, thereby affecting BKR’s business model.
Two other players in the oil and gas equipment and service Industry are Halliburton Company (HAL - Free Report) and Cactus, Inc. (WHD - Free Report) . Like Baker Hughes, the business models of Halliburton and Cactus are exposed to crude price volatility. HAL carries a Zacks Rank #3, whereas WHD currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Baker Hughes Completes Divestiture of Its PCI Unit to Crane
Key Takeaways
Baker Hughes Company (BKR - Free Report) has completed the divestiture of its Precision, Sensors and Instrumentation (PSI) unit to Crane Company (CR - Free Report) . The key sensor and instrumentation brands under the PSI unit are Druck, Panametrics and Reuter-Stokes.
On June 9, 2025, BKR announced the deal for the divestiture of its PSI business to Crane for $1.15 billion in cash.
Baker Hughes has divested the entire PSI unit to Crane, with the transaction covering its technology, tools, physical locations and roughly 1,600 employees.
The company’s divestment program is in line with its strategy to focus on asset management, operational efficiency and disciplined investment. Such deals enable BKR to generate cash that can be invested in more profitable businesses while strengthening its balance sheet, increasing investor appeal.
BKR and CR each carry a Zacks Rank #3 (Hold) at present. Crude oil prices influence BKR’s revenues, as it generates revenues from selling its products and services to oil and gas exploration and production companies. With West Texas Intermediate crude oil prices trailing below $60 per barrel, the business environment of oil and gas exploration and production companies remains under pressure, thereby affecting BKR’s business model.
Two other players in the oil and gas equipment and service Industry are Halliburton Company (HAL - Free Report) and Cactus, Inc. (WHD - Free Report) . Like Baker Hughes, the business models of Halliburton and Cactus are exposed to crude price volatility. HAL carries a Zacks Rank #3, whereas WHD currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.