Crane Co 8-K

What Happened
Crane Company announced it completed its previously disclosed acquisition of Precision Sensors & Instrumentation (“PSI”) on January 1, 2026 pursuant to a Purchase Agreement dated June 6, 2025 with Baker Hughes Holdings LLC and Bently Nevada, LLC. Under the agreement Crane acquired all of the sellers’ interest in Panametrics, LLC (which constituted 100% of PSI) for a purchase price of $1,060 million after adjusting for expected tax benefits (the expected tax benefits have a net present value of approximately $90 million). The purchase price is before contractual adjustments for working capital, cash acquired and certain other transaction‑related costs. Crane issued a press release announcing the closing on January 5, 2026 (Exhibit 99.1).

Key Details

• Closing date: January 1, 2026. Agreement date: June 6, 2025.
• Purchase price: $1,060 million (after adjusting for expected tax benefits).
• Expected tax benefits: NPV of approximately $90 million.
• Transaction subject to contractual adjustments for working capital, cash acquired and other transaction-related costs.
• Crane will file the required audited financial statements and required pro forma financial information by amendment within 71 calendar days of this report.

Why It Matters
This is a material acquisition that adds Panametrics/PSI to Crane’s portfolio and could affect Crane’s future revenues, assets and balance sheet. Investors should review the forthcoming amended filings (audited financials and pro forma statements) and the January 5 press release to understand the transaction’s financial impact, any working capital or cash adjustments, and how Crane plans to integrate the acquired business.