Baker Hughes has completed the sale of its Waygate Technologies business to Hexagon in an all-cash transaction valued at about $1.45 billion, before customary closing adjustments. The company announced the closing on Monday, Nov. 2, 2026, from Houston and London.
What was sold
The sale covers Waygate Technologies' remote visual inspection, ultrasound, radiography and imaging solutions portfolios. It also includes all assets of the business, among them intellectual property, footprint and resources.
The company's stated rationale
Baker Hughes said the transaction brings pre-tax cash proceeds of approximately $1.45 billion and strengthens its balance sheet. The company described the divestiture as reinforcing its commitment to disciplined portfolio management and as improving the durability of earnings and cash flow.
Baker Hughes (NASDAQ: BKR) describes itself as an energy technology company that serves energy and industrial customers worldwide.
