Mergers and Acquisitions (M&A): Crane Company (NYSE:CR) Acquires Precision Sensors & Instrumentation division from Baker Hughes (NASDAQ: BKR) for $1.15 Billion
Stamford, Connecticut – Crane Company has announced the acquisition of Precision Sensors & Instrumentation division from Baker Hughes (NASDAQ: BKR). According to the company announcement Crane Company, established in 1855, is a premier industrial manufacturing and technology company with a long history of delivering innovation and technology-led solutions to its customers. The company specializes in manufacturing highly engineered components crucial for challenging, mission-critical applications. Crane Company primarily serves the aerospace, defense, space, and process industry end markets. It operates with two strategic growth platforms: Aerospace & Electronics and Process Flow Technologies. The company maintains a significant global presence, employing approximately 8,500 individuals across the Americas, Europe, the Middle East, Asia, and Australia. Crane recently completed the acquisition of Precision Sensors & Instrumentation, a leading provider of sensor-based technologies for aerospace, nuclear, and process industries, further expanding its capabilities.
To learn more about Crane Company, visit https://www.craneco.com/
Company LinkedIn Page: https://www.linkedin.com/company/cranecompany/
Company Contact:
Crane Company
100 First Stamford Place
Stamford, CT 6902
203-363-7300
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