Baker Hughes (BKR) announced that it has entered into an agreement to sell its Waygate Technologies business to Hexagon (HXGBY). The all-cash transaction is valued at approximately $1.45B, before customary closing adjustments. The sale encompasses Waygate Technologies’ remote visual inspection, ultrasound, radiography, and imaging solutions portfolios, and all assets of the business, including intellectual property, footprint and resources. The closing of the transaction is subject to customary conditions, including regulatory approvals, and is expected to close in the second half of 2026.
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