Baker Hughes Completes Divestiture of Its PCI Unit to Crane

Baker Hughes Company BKR has completed the divestiture of its Precision, Sensors and Instrumentation (PSI) unit to Crane Company CR. The key sensor and instrumentation brands under the PSI unit are Druck, Panametrics and Reuter-Stokes.On June 9, 2025, BKR announced the deal for the divestiture of its PSI business to Crane for $1.15 billion in cash.Baker Hughes has divested the entire PSI unit to Crane, with the transaction covering its technology, tools, physical locations and roughly 1,600 employees.The company’s divestment program is in line with its strategy to focus on asset management, operational efficiency and disciplined investment. Such deals enable BKR to generate cash that can be invested in more profitable businesses while strengthening its balance sheet, increasing investor appeal.BKR and CR each carry a Zacks Rank #3 (Hold) at present. Crude oil prices influence BKR’s revenues, as it generates revenues from selling its products and services to oil and gas exploration and production companies. With West Texas Intermediate crude oil prices trailing below $60 per barrel, the business environment of oil and gas exploration and production companies remains under pressure, thereby affecting BKR’s business model.Two other players in the oil and gas equipment and service Industry are Halliburton Company HAL and Cactus, Inc. WHD. Like Baker Hughes, the business models of Halliburton and Cactus are exposed to crude price volatility. HAL carries a Zacks Rank #3, whereas WHD currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Halliburton Company (HAL): Free Stock Analysis Report Crane Company (CR): Free Stock Analysis Report Baker Hughes Company (BKR): Free Stock Analysis Report Cactus, Inc. (WHD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks