Mergers & AcquisitionsMedium•6 November 2026•
1 min read
Baker Hughes Sells Waygate Technologies to Hexagon for $1.45 Billion
Key Facts
1Baker Hughes announced the sale of Waygate Technologies to Hexagon in an all-cash deal worth approximately $1.45 billion.
2The divestment includes Waygate's entire portfolio of inspection-related technologies, intellectual property, and associated facilities.
3The transaction is expected to close in the second half of this year, aiming to optimize Baker Hughes' portfolio.
Baker Hughes announced the sale of its Waygate Technologies unit to Hexagon in an all-cash transaction valued at approximately $1.45 billion. According to TradingView, the divestment includes Waygate's entire portfolio of inspection-related technologies, intellectual property, and associated facilities as part of a strategy to sharpen the company's business focus.
Baker Hughes (BKR) shares closed at $46.2 on November 5, 2026, while Hexagon (HXGBY) closed at $11 on the same date. The transaction is expected to close in the second half of this year, marking the exit of Waygate Technologies from Baker Hughes' Industrial and Energy Technology segment.