Crane Company to Acquire Precision Sensors & Instrumentation from Baker Hughes Company
Written by Emily J. Thompson, Senior Investment Analyst
0mins
Source: Newsfilter
Crane Company Acquisition: Crane Company has announced its agreement to acquire Precision Sensors & Instrumentation (PSI) from Baker Hughes for $1,060 million, enhancing its capabilities in aerospace and nuclear sectors with expected sales growth of 4% to 6% by 2025.
Strategic Fit and Financial Outlook: The acquisition aligns with Crane's strategic focus on high-growth engineered products, aiming for a 10% return on invested capital by year five, while maintaining a manageable net debt to adjusted EBITDA ratio.
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Analyst Views on BKR
Wall Street analysts forecast BKR stock price to rise
13 Analyst Rating
12 Buy
1 Hold
0 Sell
Strong Buy
Current: 59.780
Low
52.00
Averages
61.54
High
67.00
Current: 59.780
Low
52.00
Averages
61.54
High
67.00
About BKR
Baker Hughes Company is an energy technology company that provides solutions to energy and industrial customers worldwide. The Company's segments include Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). OFSE segment provides products and services for onshore and offshore oilfield operations across the lifecycle of a well, ranging from exploration, appraisal, and development, to production, rejuvenation, and decommissioning. OFSE segment is organized into four product lines: Well Construction; Completions, Intervention, and Measurements; Production Solutions, and Subsea. IET segment provides technology solutions and services for mechanical-drive, compression and power-generation applications across the energy industry including oil and gas, liquefied natural gas operations, downstream refining, and petrochemical markets, as well as lower carbon solutions to broader energy and industrial sectors. IET segment also provides equipment, software, and services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Oil Price Surge: President Trump’s threat of a military blockade in the Strait of Hormuz quickly pushed oil prices back above $100 a barrel, a level that could have widespread implications for the global economy.
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- Broad Business Scope: The divestiture includes Waygate's remote visual inspection, ultrasound, radiography, and imaging solutions portfolios along with all related assets, indicating Baker Hughes' strategic focus on non-destructive testing solutions.
- Strategic Alignment: This transaction aligns with Baker Hughes' goals to enhance portfolio value, strengthen earnings and cash flow, and improve its balance sheet, which is expected to support the company's future financial health.
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