Baker Hughes to sell sensor division to Crane in $1.15bn cash deal
Baker Hughes will sell its Precision Sensor & Instrumentation (PSI) product line – including hydrogen sensing technologies – to Crane in a $1.15bn cash deal.
The oil and gas technology firm said it would divest the PSI division, which includes its Druck and Reuter-Stokes brands, to reallocate capital toward “higher-return opportunities.”
The brands make instrumentation and sensor technologies that detect and analyse pressure, flow, gas, moisture, and radiation. In 2023, Baker Hughes launched Druck hydrogen-rated pressure sensors for gas turbines, electrolysis, and refuelling stations.
The transaction is expected to close at the end of 2025 or in early 2026.
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