Investment
Features
FeesSafety
Academy
More
Pluang+
|
Home/News Feed/Baker Hughes sells Waygate Technologies for $1.45B to focus on core energy services.
BKR
$57.20
-$0.05 -0.09%

Baker Hughes sells Waygate Technologies for $1.45B to focus on core energy services.

Company Fundamentals
13 Apr 2026
Akanksha Bakshi
View Source
Bullish
pluang ai news

Baker Hughes agreed to sell its Waygate Technologies unit, which offers non-destructive testing solutions, to Hexagon for $1.45 billion in cash. This move is part of Baker Hughes' strategy to streamline its portfolio and strengthen its balance sheet following recent transactions and a pending acquisition. The deal is expected to close in the second half of 2026, pending regulatory approval. The sale allows Baker Hughes to focus more on its core oilfield services and energy technology segments, potentially improving operational efficiency and profitability.

More News (BKR)

Global hazardous area equipment market to nearly double to $25.28B by 2035, driven by safety regulations and smart tech.

Global hazardous area equipment market to nearly double to $25.28B by 2035, driven by safety regulations and smart tech.

The global hazardous area equipment market, valued at $13.5 billion in 2025, is projected to reach $25.28 billion by 2035, growing at a CAGR of 6.48%. Growth is fueled by stricter industrial safety regulations like ATEX and OSHA, and the adoption of ...

Market News
Bullish
1 day ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App