BAKU, Azerbaijan, April 13. Baker Hughes has
agreed to sell its Waygate Technologies business to global
measurement technology leader Hexagon in an all-cash transaction
valued at approximately $1.45 billion, subject to customary closing
adjustments, Trend reports via Baker Hughes.
Waygate Technologies, part of Baker Hughes’ Industrial & Energy
Technology (IET) segment, is a leading provider of advanced
non-destructive testing solutions used to inspect critical
industrial assets without interrupting operations. The transaction
includes its full portfolio of remote visual inspection,
ultrasound, radiography, and imaging technologies, as well as all
related assets, intellectual property, infrastructure, and
personnel.
The divestment comes as part of Baker Hughes’ broader portfolio
optimization strategy, following three recently completed
transactions and ahead of its pending acquisition of Chart
Industries. The company said these moves are aimed at strengthening
earnings resilience, improving cash flow stability, and further
solidifying its balance sheet through disciplined capital
allocation focused on long-term value creation.
Hexagon, headquartered in Stockholm, employs around 24,500
people across 50 countries. The company is a global leader in
precision measurement, positioning, and autonomous technologies,
serving industries such as aerospace and defense, automotive,
construction, manufacturing, and mining.
The deal is expected to close in the second half of 2026,
subject to regulatory approvals and other customary closing
conditions. J.P. Morgan Securities LLC is acting as exclusive
financial adviser to Baker Hughes on the transaction.
