DivestmentApr 13, 2026, 02:00 AM
Baker Hughes to sell Waygate Technologies for $1.45B cash
AI Summary
Baker Hughes announced an agreement to sell its Waygate Technologies business to Hexagon for approximately $1.45 billion in an all-cash transaction. This divestiture is part of Baker Hughes' strategic portfolio management, aiming to enhance earnings durability, strengthen the balance sheet, and focus on core strengths like rotating equipment and decarbonization. The transaction is expected to close in the second half of 2026, subject to customary conditions and regulatory approvals.
Key Highlights
- Baker Hughes to sell Waygate Technologies business.
- All-cash transaction valued at approximately $1.45 billion.
- Buyer is Hexagon, a global leader in measurement technologies.
- Sale includes Waygate's remote visual inspection, ultrasound, radiography.
- Expected to close in the second half of 2026.