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  1. The Manitowoc Company faces tariff headwinds and market changes in the European crane market.

Crane acquired PSI from Baker Hughes, enhancing its technological capabilities amidst chemical market softness in Europe.

2 reports, 2 independent Updated Jul 30
Gone quiet Reached 2 outlets in its first 24 hours
Reports
2
Developments
2
Repetition
50%

New informationRepeats or wire copies

AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 2 outlets

Crane acquired PSI from Baker Hughes, enhancing its technological capabilities amidst chemical market softness in Europe.

Who's involved

What this event is mainly about
CranePSIEurope

How it developed

Newest first. Tap a step to see who reported it.
  1. Crane engaged in a joint venture with Cactus and finalized the strategic divestiture of PSI.Sub-event
  2. Crane completes acquisition of PSI from Baker Hughes, impacting the European chemical market.1 source

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Part of

The Manitowoc Company faces tariff headwinds and market changes in the European crane market. All 1 developments

The entities involved

Coverage

Newest first; wire copies grouped
  • GuruFocus.comCrane Co (CR) Q2 2025 Earnings Call Highlights: Strong Growth and Raised Outlook Amid Challenges Adjusted EPS: $1.49, driven by 6.5% sales growth. Core Orders Growth: Up nearly 20% in the quarter. Fu
  • Business WireCrane Company Reports Second Quarter 2025 Results and Raises Full Year Adjusted EPS Guidance Second Quarter 2025 Highlights Earnings per diluted share (EPS) from continuing operations of $1.37, up 20