Baker Hughes Sells Waygate Technologies to Hexagon in a $1.45 Billion All-Cash Deal
Baker Hughes announced it will sell Waygate Technologies to Hexagon in an all-cash transaction valued at about $1.45 billion (before customary closing adjustments). The deal covers Waygate’s nondestructive testing portfolio and all assets, and is part of Baker Hughes’ portfolio-management strategy to strengthen earnings durability and the balance sheet, with closing expected in the second half of 2026 and regulatory approvals required. JP Morgan Securities is advising Baker Hughes on the transaction.


