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

The Houston energy tech company is focusing on core operations after the sale.

Apr. 14, 2026 at 10:35pm

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A highly detailed, photorealistic studio photograph of a polished, chrome-plated industrial valve or sensor component, elegantly arranged on a clean, white background and dramatically lit to symbolize the technical expertise and quality focus of the Waygate Technologies business.The sale of Waygate Technologies to Hexagon highlights Baker Hughes' strategic shift towards its core energy technology operations.Atlanta Today

Baker Hughes, a Houston-based energy technology company, 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.

Why it matters

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.

The details

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.

The players

Baker Hughes

A Houston-based energy technology company that is selling its Waygate Technologies business.

Hexagon

A Swedish measurement technologies firm that is acquiring Waygate Technologies from Baker Hughes.

Lorenzo Simonelli

The Chairman and CEO of Baker Hughes.

Anders Svensson

The President and CEO of Hexagon.

Georgia Magno

The Chief Legal Officer of Baker Hughes, who has been part of the company's in-house legal department for more than nine years.

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What they’re saying

“By combining Waygate's [non-destructive testing] expertise with Hexagon's precision measurement portfolio, software capabilities, and global infrastructure, we will create a uniquely integrated offering that helps our customers achieve higher quality, greater efficiency, and improved confidence across the full product lifecycle.”

— Anders Svensson, President and CEO of Hexagon

“The sale is part of the company's decision to focus on core operations of rotating equipment, flow control, digital, production optimization and decarbonization.”

— Lorenzo Simonelli, Chairman and CEO of Baker Hughes

What’s next

The sale is expected to close in the second half of 2026, pending regulatory approvals and other customary closing conditions.

The takeaway

This sale allows Baker Hughes to streamline its business and focus on its core competencies in the energy technology sector, while Hexagon expands its precision measurement and non-destructive testing capabilities through the acquisition of Waygate Technologies.