Baker Hughes sells Waygate Technologies to Hexagon for $1.45 billion

Summary

Baker Hughes has agreed to sell its Waygate Technologies business to Hexagon for approximately $1.45 billion in cash. The sale includes all assets of Waygate Technologies, which specializes in non-destructive testing solutions. The transaction is expected to close in the second half of 2026, pending regulatory approvals.

Recent Coverage

• Baker Hughes sells Waygate unit to Hexagon for about $1.45 billion

  Reuters Energy • Apr 13

• Baker Hughes Announces Sale of Waygate Technologies to Hexagon

  GlobeNewswire - Energy • Apr 13