Baker Hughes to Sell Waygate Technologies to Hexagon for $1.45 Billion

Baker Hughes has entered into a definitive agreement to divest its Waygate Technologies business unit to Hexagon for approximately $1.45 billion. The all-cash transaction is expected to be completed in the second half of 2026, pending customary closing conditions. Furthermore, the deal is subject to necessary regulatory approvals before it can be finalized. This divestiture aligns with Baker Hughes' strategic focus on its core energy technology operations and portfolio optimization. The substantial cash infusion will significantly boost the company’s liquidity and strengthen its balance sheet. Hexagon, a Swedish industrial technology group, will integrate the unit to further its global leadership in measurement and digital solutions.