Baker Hughes said Nov. 2 that it completed the sale of Waygate Technologies to Hexagon in an all-cash transaction valued at approximately $1.45 billion before customary closing adjustments. The transfer moves an industrial inspection business into a buyer seeking to connect equipment with measurement software.
The sale includes Waygate’s remote visual inspection, ultrasound, radiography and imaging portfolios, together with the business’s assets, intellectual property, operating footprint and resources, Baker Hughes said. The seller described the transaction as generating approximately $1.45 billion in pretax cash proceeds before closing adjustments.
From acquisition agreement to completed sale
Hexagon announced the acquisition agreement April 13. At that time, it said Waygate would expand its Manufacturing Intelligence business into nondestructive testing, which examines components without destroying them. The buyer identified aerospace, automotive, energy and industrial manufacturing as customer markets.
In the April announcement, Hexagon reported that Waygate generated about $630 million in fiscal 2025 revenue. It described a strategy of linking inspection hardware with its existing analysis, visualization and production-quality software.
That integration was the buyer’s stated plan, not a completed operating result. Monday’s closing announcement establishes that ownership has transferred; it does not demonstrate that the proposed combinations have delivered customer savings or higher margins.
For industrial operators, the relevant distinction is between a completed corporate transaction and changes to the tools used in inspection workflows. The announcement does not establish new customer pricing, support terms or a timetable for combined products.