HEXAGON BUYS BAKER HUGHES' WAYGATE FOR $1.45B

The deal marks Hexagon's expansion into industrial inspection and monitoring solutions. Waygate Technologies specializes in non-destructive testing equipment and digital inspection services used across sectors including oil and gas, aerospace, and manufacturing. Hexagon, known for its sensors and measurement technology platforms, sees Waygate as a strategic addition to its digital solutions portfolio. The acquisition strengthens Hexagon's capabilities in real-time asset monitoring and inspection analytics. Baker Hughes, an energy services company, has been streamlining its portfolio in recent years. The sale allows the company to focus on its core oilfield services operations. The transaction is expected to close in the coming months, subject to standard regulatory approvals and closing conditions. Financial terms include the $1.45 billion purchase price, with potential adjustments based on working capital and debt assumptions at closing.