Baker Hughes Sells Waygate Technologies to Hexagon for $1.45B

The all-cash transaction is part of Baker Hughes' strategic approach to portfolio management.

Apr. 13, 2026 at 6:03am

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A minimalist studio still life photograph featuring a polished metal gear, sleek industrial sensor, and smooth glass lens element, symbolizing the advanced technology and precision of the Waygate Technologies business.The sale of Baker Hughes' Waygate Technologies business to Hexagon reflects the company's strategic focus on its core strengths and high-growth areas.Houston Today

Baker Hughes announced it has entered into an agreement to sell its Waygate Technologies business to Hexagon, a global leader in measurement technologies, for approximately $1.45 billion in an all-cash transaction. Waygate Technologies is a global leader in advanced non-destructive testing solutions. The sale is part of Baker Hughes' ongoing commitment to strategic, value-driven portfolio management and enhancing the durability of its earnings and cash flow.

Why it matters

This divestiture demonstrates Baker Hughes' focus on strengthening its core business areas, including rotating equipment, flow control, digital, production optimization and decarbonization. The proceeds will further reinforce the company's balance sheet and support its long-term growth strategy.

The details

Waygate Technologies, part of Baker Hughes' Industrial & Energy Technology (IET) segment, provides remote visual inspection, ultrasound, radiography, and imaging solutions. The sale encompasses the entire Waygate Technologies business, including its intellectual property, global footprint and resources.

  • Baker Hughes announced the sale on April 13, 2026.
  • The transaction is expected to close in the second half of 2026.

The players

Baker Hughes

An energy technology company that provides solutions to energy and industrial customers worldwide.

Hexagon

A global leader in precision measurement, positioning, and autonomous solutions, headquartered in Stockholm, Sweden.

Lorenzo Simonelli

Chairman and CEO of Baker Hughes.

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What they’re saying

“This transaction marks another significant milestone and reinforces our ongoing commitment to long-term value creation for our shareholders.”

— Lorenzo Simonelli, Chairman and CEO, Baker Hughes

What’s next

The closing of the transaction is subject to customary conditions, including regulatory approvals, and is expected to close in the second half of 2026.

The takeaway

This sale is part of Baker Hughes' strategic approach to portfolio management, allowing the company to sharpen its focus on its core strengths and high-growth areas aligned with its long-term vision, while strengthening its balance sheet and positioning for sustainable, long-term growth.