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Baker Hughes Sells Waygate Technologies to Hexagon for $1.45 Billion

4/13/2026

27 6 Full Breakdown

Summary

Baker Hughes Sells Waygate

Baker Hughes announced on April 13, 2026 that it will sell Waygate Technologies to Sweden's Hexagon for about $1.45 billion in cash.
Waygate Technologies specializes in non-destructive testing and inspection technologies.
The transaction is expected to close in the second half of 2026, pending regulatory approvals.
Baker Hughes aims to strengthen its balance sheet and long-term earnings durability through the divestiture.

History

Historical Context

In 2014, Baker Hughes and Halliburton merged to enhance operational efficiency, achieving a combined market share of about 30% in the oilfield services sector. By 2026, Baker Hughes sold Waygate Technologies for $1.45 billion, reflecting a strategic shift to improve financial stability amid ongoing consolidation trends in the energy sector, which significantly impact competition and innovation.

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Baker Hughes Sells Waygate

Baker Hughes announced on April 13, 2026 that it will sell Waygate Technologies to Sweden's Hexagon for about $1.45 billion in cash.
Waygate Technologies specializes in non-destructive testing and inspection technologies.
The transaction is expected to close in the second half of 2026, pending regulatory approvals.
Baker Hughes aims to strengthen its balance sheet and long-term earnings durability through the divestiture.

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