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Home/News Feed/Baker Hughes sells Waygate Technologies to Hexagon for $1.45B in cash to focus on core energy tech.
BKR
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Baker Hughes sells Waygate Technologies to Hexagon for $1.45B in cash to focus on core energy tech.

Company Fundamentals
13 Apr 2026
GlobeNewsWire
View Source
Bullish
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Baker Hughes announced the sale of its Waygate Technologies business to Hexagon for approximately $1.45 billion in an all-cash deal. Waygate Technologies specializes in advanced non-destructive testing solutions and is part of Baker Hughes' Industrial & Energy Technology segment. This sale aligns with Baker Hughes' strategy to streamline its portfolio and focus on core areas like rotating equipment and decarbonization, aiming to enhance earnings durability and cash flow. The transaction is expected to close in the second half of 2026, pending regulatory approvals.

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