Hexagon AB Acquires Waygate Technologies for $1.45 Billion
Here's what it means for you.
This acquisition enhances Hexagon's capabilities in non-destructive testing, potentially impacting sectors you work in, like aerospace and manufacturing.
What happened
On April 13, 2026, Hexagon AB announced a definitive agreement to acquire Waygate Technologies from Baker Hughes for approximately $1.45 billion in cash.
The Context
- Strategic Shift: Baker Hughes is divesting Waygate to streamline its focus on core technologies, including decarbonization.
- Legacy Brand: Waygate, with over 130 years in non-destructive testing, generated $630 million in revenue in fiscal 2025.
- Synergistic Growth: Hexagon aims to integrate Waygate's inspection technologies with its precision measurement tools, expanding its market reach.
The Number
— This is the transaction value for Waygate Technologies, underscoring the significant investment in enhancing non-destructive testing capabilities.
Takeaway
As the acquisition closes in the second half of 2026, expect Hexagon to leverage operational synergies for margin expansion.
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Hexagon acquires Waygate Technologies from Baker Hughes for $1.45 billion
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Hexagon AB, a Swedish company specializing in sensors and measurement technology, has reached an agreement to acquire Waygate Technologies from Baker Hughes Co. for approximately $1.45 billion in cash. This acquisition is expected to enhance Hexagon'...