Hexagon acquires Waygate Technologies from Baker Hughes

Hexagon has completed the acquisition of Waygate Technologies from Baker Hughes in an all-cash deal valued at approximately $1.45 billion. Waygate Technologies, a specialist in non-destructive testing (NDT) and industrial inspection, will now be integrated into Hexagon’s Manufacturing Intelligence Business Area.

The acquisition combines Hexagon’s expertise in geometric measurement, metrology software, and coordinate measuring machines with Waygate’s capabilities in industrial computed tomography, field radiography, ultrasonic testing, and remote visual inspection. The combined portfolio aims to provide a complete inspection chain, covering both the external dimensions and the internal integrity of manufactured components.

For Baker Hughes, the divestment is a strategic move to optimize its portfolio and focus on core business areas. The company intends to reinvest the capital from the sale into high-growth segments to enhance shareholder value. The transaction includes Waygate’s technology portfolio, intellectual property, and associated operational resources.