Baker Hughes Sells Waygate Technologies to Swedish Firm for $1.45B

Baker Hughes has agreed to sell its Waygate Technologies business to Hexagon, a Swedish measurement technologies firm, for approximately $1.45 billion in cash. The sale is part of Baker Hughes’ decision to focus on its core operations, including rotating equipment, flow control, digital, production optimization, and decarbonization.
The sale of Waygate Technologies allows Baker Hughes to streamline its business and concentrate on its key areas of expertise. This move aligns with the company’s strategy to optimize its portfolio and invest in growth opportunities that are closely tied to its core competencies.
Waygate Technologies, based in Pasadena near Galveston Bay, provides testing for the inspection of critical assets, including remote visual inspection, ultrasound, radiography, and imaging services. By combining Waygate’s non-destructive testing expertise with Hexagon’s precision measurement portfolio, software capabilities, and global infrastructure, the companies aim to create a more integrated offering to better serve their customers.
The sale is expected to close in the second half of 2026.