Baker Hughes sells PSI product line to Crane for $1.15B, UBS maintains Neutral rating

From Yahoo Finance: 2025-06-24 13:05:00

UBS maintained a Neutral rating on Baker Hughes (BKR) after the company announced the sale of its PSI product line to Crane Company for $1.15 billion. The deal is seen as strategic, with the potential to boost Baker Hughes’ profit margins and achieve a 20% EBITDA margin goal.

Crane Company, a manufacturer of industrial goods, has acquired Baker Hughes’ PSI product line, specializing in pressure pumping systems. This sale is part of Baker Hughes’ efforts to streamline operations and focus on more profitable areas within the company.

Baker Hughes (BKR) is a major player in the oil field services, industrial, and energy technology sectors, providing products and services for oil and gas exploration, production, and other industrial applications. The company’s recent sale of the PSI product line is expected to contribute to its overall strategic goals.

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Read more: UBS Holds Neutral on Baker Hughes (BKR) After $1.15B Deal With Crane