Hexagon acquires Waygate Technologies from Baker Hughes

Hexagon AB has signed a definitive agreement to acquire Baker Hughes — Waygate Technologies, a leading provider of non-destructive testing solutions, from Baker Hughes for approximately $1.45 billion. This acquisition marks a significant expansion of Hexagon AB's Manufacturing Intelligence Business Area into the NDT market, extending its precision measurement capabilities from surface to interior component analysis. Baker Hughes — Waygate Technologies, headquartered in Germany, employs approximately 1,500 people and generates around $630 million in annual revenue. The transaction is expected to close in the second half of 2026, subject to regulatory approvals. Hexagon AB anticipates materially improving Baker Hughes — Waygate Technologies' margins through strategic actions, manufacturing optimization, China localization, and revenue synergies. The deal also provides Hexagon AB with entry into the aerospace maintenance, repair, and overhaul (MRO) market.