CR 8-K
Crane Co (CR)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
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SECTION 2 – FINANCIAL INFORMATION
| Item 2.01 | Completion of Acquisition or Disposition of Assets. |
On January 1, 2026, Crane Company (the “Company”) completed its previously announced acquisition of Precision Sensors & Instrumentation (“PSI”) pursuant to a Purchase Agreement dated June 6, 2025 (the “Agreement”) with Baker Hughes Holdings LLC and Bently Nevada, LLC (collectively, the “Sellers”). Pursuant to the Agreement, the Company acquired all of Seller’s interest in Panametrics, LLC, which constituted 100% of PSI, for a purchase price of $1,060 million after adjusting for expected tax benefits with a net present value of approximately $90 million, but before contractual adjustments for working capital, cash acquired, and certain other transaction-related costs.
SECTION 8 – OTHER EVENTS
| Item 8.01 | Other Events. |
On January 5, 2026, the Company issued a press release announcing the completion of the acquisition of PSI from Baker Hughes. A copy of the Company’s press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS
| Item 9.01 | Financial Statements and Exhibits. |
(a) The required financial statements will be filed by amendment as soon as practicable, but not later than 71 calendar days after the date this Report is required to be filed.
(b) The required pro forma financial statements will be filed by amendment as soon as practicable, but not later than 71 calendar days after the date this Report is required to be filed.
(c) None
(d) Exhibits
| 99.1 | Press Release issued by Crane Company on January 5, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CRANE COMPANY | ||||||
| January 5, 2026 | By: | /s/ Anthony M. D’Iorio | ||||
| Anthony M. D’Iorio | ||||||
| Executive Vice President, General Counsel and Secretary | ||||||
Exhibit 99.1
| Crane Company | NEWS |
| Contacts: | ||
| Jason D. Feldman, SVP, Investor Relations, | ||
| Treasury & Tax | ||
| Allison Poliniak, VP Investor Relations | ||
| [email protected] | ||
| www.craneco.com |
CRANE COMPANY COMPLETES ACQUISITION OF PRECISION SENSORS &
INSTRUMENTATION AND ANNOUNCES DATE FOR FOURTH QUARTER 2025 EARNINGS
RELEASE AND TELECONFERENCE
STAMFORD, CONNECTICUT – January 5, 2026 – Crane Company (NYSE:CR) (“Crane” or the “Company”), a premier industrial manufacturing and technology company, today announced that it has closed on the previously announced acquisition of Precision Sensors & Instrumentation (“PSI”), a leading provider of sensor-based technologies for aerospace, nuclear and process industries, from Baker Hughes (NASDAQ: BKR).
Crane will provide comments about the acquisition in its upcoming fourth quarter fiscal year 2025 earnings call, which is scheduled as follows:
| • | Earnings Release: January 26, 2026 after close of market by public distribution and the Crane Company website at www.craneco.com. |
| • | Teleconference: January 27, 2026 at 10:00 AM (Eastern) hosted by Max H. Mitchell, Chairman, President & CEO, Alex Alcala, Executive Vice President & COO, and Richard A. Maue, Executive Vice President & CFO. The call can be accessed in a listen-only mode via the Company’s website www.craneco.com. An accompanying slide presentation will also be available on the Company’s website. |
| • | Web Replay: Will be available on the Company’s website shortly after completion of the live call. |
About Crane Company
Crane Company has delivered innovation and technology-led solutions to its customers since its founding in 1855. Today, Crane is a leading manufacturer of highly engineered components for challenging, mission-critical applications focused on the aerospace, defense, space and process industry end markets. The Company has two strategic growth platforms, Aerospace & Electronics and Process Flow Technologies. Crane has approximately 8,500 employees in the Americas, Europe, the Middle East, Asia and Australia. For more information, visit www.craneco.com.
Forward-Looking Statements Disclaimer
This press release contains forward-looking statements within the meaning of the federal securities laws. Any statements contained in this press release, except to the extent that they contain historical facts, are forward-looking and accordingly are based on management’s current assumptions, expectations, and beliefs. Forward-looking statements are subject to risks and uncertainties that could lead to actual results differing materially from those expected or implied. Risk factors are discussed in the Company’s filings with the Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the date hereof, and Crane assumes no (and disclaims any) obligation to revise or update any forward-looking statements.
Source: Crane Company
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