Baker Hughes Closes Sale of Waygate Technologies to Hexagon
Globe Newswire•02/11/2026•02:05 ET
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Key Highlights
- ➤Waygate Technologies sale to Hexagon closes for approximately $1.45 billion
- ➤All-cash transaction includes Waygate’s inspection and imaging portfolios
- ➤Divestiture strengthens Baker Hughes’ balance sheet with pre-tax cash proceeds
- ➤Baker Hughes says sale reinforces disciplined portfolio management and earnings durability
* Transaction strengthens balance sheet with pre-tax cash proceeds of approximately $1.45 billion, before customary closing adjustments HOUSTON and LONDON, Nov. 02, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR, “the Company”), an energy technology company, announced Monday the successful sale of its Waygate Technologies business to Hexagon. The all-cash transaction is valued at approximately $1.45 billion, before customary closing adjustments.
The sale encompasses Waygate Technologies’ remote visual inspection, ultrasound, radiography, and imaging solutions portfolios, and all assets of the business, including intellectual property, footprint and resources.
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