Hexagon completes $1.45 billion acquisition of Waygate Technologies

Hexagon has finalized the acquisition of Waygate Technologies from Baker Hughes in an all-cash transaction valued at approximately $1.45 billion before customary closing adjustments. The deal includes Waygate’s portfolios in remote visual inspection, ultrasound, radiography, and imaging solutions, along with all related intellectual property, facilities, and personnel.

Waygate Technologies, a leader in non-destructive testing, operates in over 80 countries and employs approximately 1,500 people across 25 locations. In fiscal 2025, the company generated roughly $630 million in revenue. Hexagon intends to integrate Waygate’s computed tomography systems with its own Volume Graphics software and metrology technologies to create a comprehensive inspection and quality platform.

Baker Hughes stated that the divestment is part of a strategy to streamline its portfolio and focus on energy technology and industrial businesses, which will strengthen its balance sheet. Hexagon financed the acquisition through existing cash and debt facilities and expects to integrate Waygate into its Manufacturing Intelligence Business Area.