M&A - Crane Co

Form Type: 8-K

Filing Date: 2025-06-09

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525137875

Filing Summary: On June 6, 2025, Crane Company entered into a definitive Purchase Agreement to acquire Precision Sensors & Instrumentation (PSI) from Baker Hughes Holdings LLC and Bently Nevada, LLC for a total purchase price of $1,060 million. The acquisition includes all of the Seller’s interests in Panametrics, LLC, which through pre-closing restructuring transactions will encompass 100% of PSI. The completion of the transaction is subject to customary conditions, including regulatory approvals, with an expected closing date at the end of 2025 or early 2026. Additionally, on June 9, 2025, the Company issued a press release to announce this acquisition, further detailing the terms of the Purchase Agreement, which contains standard representations and warranties from both parties.