Crane Company manufactures highly engineered components for challenging, mission-critical applications focused on the aerospace, defense, space and process industry end markets.
Strategy
The company’s strategy focuses on the development and manufacturing of highly engineered industrial products for specific markets. The company continuously evaluates its portfolio, pursues acquisitions that complement its existing businesses, and selectively divests businesses where appropriate. The company in...
Crane Company manufactures highly engineered components for challenging, mission-critical applications focused on the aerospace, defense, space and process industry end markets.
Strategy
The company’s strategy focuses on the development and manufacturing of highly engineered industrial products for specific markets. The company continuously evaluates its portfolio, pursues acquisitions that complement its existing businesses, and selectively divests businesses where appropriate. The company incorporates ‘Voice of the Customer’ learnings (specific processes designed to capture its customers’ requirements) and a broad range of tools into a disciplined strategy deployment process to continuously improve safety, quality, delivery, and growth.
Segments
The company has two reporting segments: Aerospace & Electronics (‘A&E’) and Process Flow Technologies (‘PFT’).
Aerospace & Electronics
The Aerospace & Electronics segment supplies critical components and systems, including original equipment and aftermarket parts, primarily for the commercial aerospace, and the military aerospace, defense, and space markets.
The company provides mission critical systems that require high reliability and high accuracy, such as pressure sensors for aircraft engine control, aircraft braking systems for commercial aircraft and fighter jets, power conversion solutions for defense and space applications, and lubrication systems for the harshest and most hazardous environmental conditions. The company has invented many of the fundamental technologies that are now the industry standard in the areas where it competes, with a track record for performance, reliability, and innovation. A&E’s integrated capabilities include the following:
Power Solutions: Provides enabling technology to accelerate electrification of air, land, space, and sea vehicles and systems.
Sensing Systems: Provides components and systems for condition and position sensing, and pressure and flow measurement, with high accuracy, reliability, and engineering to excel in rugged aerospace environments.
Fluid & Thermal Management: Designs and manufactures positive displacement pumps, centrifugal pumps, and true mass flowmeters for aerospace and defense applications.
Landing Systems: Provides hydraulic and electric brake control systems with antiskid and autobrake functionality, as well as electronic and hydraulic subsystems for landing gear control.
Microwave Solutions: Designs and manufactures high-performance radio frequency and intermediate frequency components and millimeter-wave systems and subsystems for defense, space, and commercial end-use customers.
A&E has a long-term growth profile driven by positions on market leading platforms, recent new program wins, and continued investment in technology readiness. The company’s unique position to drive sustained growth is driven by differentiated technology investment focused on high-growth market segments, including next-generation aircraft engines, advanced ground and sea-based radar systems, Low Earth Orbit satellite constellations, as well as high-power and bi-directional power conversion for numerous emerging commercial and military applications, including more-electric and hybrid-electric ground vehicles and hybrid-electric and pure electric-propulsion aircraft.
Facilities are located in the United States, Taiwan, and France.
Process Flow Technologies
The Process Flow Technologies segment is a provider of highly engineered fluid handling equipment for mission critical applications that require high reliability. The segment consists of Process Valves and Related Products, Pumps and Systems, and Commercial Valves.
Process Valves and Related Products: Manufactures a wide range of on/off isolation valves, including check valves, sleeved plug valves, lined valves, process ball valves, high-performance butterfly valves, bellows sealed globe valves, aseptic and industrial diaphragm valves, and multi/quarter-turn valve actuation. Other related products include lined pipe, fittings, and hoses, vacuum jacketed air-operated diaphragm and peristaltic pumps, instrumentation and sampling systems, valve positioning and control systems, vacuum insulated pipe systems, and valve diagnostic and calibration systems. Across the portfolio, the primary focus is on chemical, pharmaceutical, cryogenic, and general industrial end markets. Manufacturing facilities, along with sales and service centers, are located across North America, Europe, the Middle East, Asia, and Australia.
Pumps and Systems: Manufactures pump products for water and wastewater applications, primarily in the United States municipal and industrial markets.
Commercial Valves: Manufactures valves and related products for the non-residential construction, gas utility, and municipal markets. The primary geographies served by the manufacturing operations are the United Kingdom, the Middle East, and continental Europe.
The company’s portfolio strategically targets the higher growth and less cyclical chemical, pharmaceutical, cryogenic, water and wastewater, and general industrial industries. The company expects these segments to outgrow the overall process market, driven by investment in sustainability and clean energy, aging infrastructure, tightening wastewater regulations, and an aging population with a growing demand for healthcare.
Acquisitions
On November 1, 2024, the company completed the acquisition of Technifab Products, Inc. (‘Technifab’). Technifab is a leading provider of vacuum insulated pipe systems and valves for cryogenic applications. Technifab has been integrated into the Process Flow Technologies segment.
On May 1, 2024, the company completed the acquisition of CryoWorks, Inc. (‘CryoWorks’). CryoWorks is a leading supplier of vacuum insulated pipe systems for hydrogen and cryogenic applications. CryoWorks has been integrated into the Process Flow Technologies segment.
On January 2, 2024, the company completed the acquisition of Vian Enterprises, Inc. (‘Vian’). Vian is a global designer and manufacturer of multi-stage lubrication pumps and lubrication system components technology for critical aerospace and defense applications, with sole-sourced and proprietary content on the highest volume commercial and military aircraft platforms. Vian has been integrated into the Aerospace & Electronics segment.
Divestiture of Engineered Materials
On January 1, 2025, the company completed the sale of the Engineered Materials segment. It determined that the Engineered Materials segment met the criteria of being reported as a discontinued operation as of December 31, 2024. As a result, the related assets, liabilities, and operating results of Engineered Materials are presented as discontinued operations and, as such, have been excluded from both continuing operations and segment results for all periods presented.
History
The company was founded in 1855. It was formerly known as Crane Holdings, Co. and changed its name to Crane Company in 2022.