Baker Hughes Completes $1.45 Billion Sale of Waygate Technologies Business to Hexagon

Hexagon acquires Waygate from Baker Hughes for $1.45 billion. This includes the transfer of industrial inspection business to the measurement technology company. Move announced last week expands Hexagon’s non-destructive testing capabilities.

Key Highlights

• Deal value: Approximately $1.45 billion
• Business acquired: Waygate Technologies
• Scope: Intellectual property, operational footprint and business resources.
• Hexagon division: Manufacturing Intelligence.

What Has Been Announced

Products included in the sale are Waygate’s inspection, ultrasound, X-ray and imaging systems. These systems form part of the non-destructive testing (NDT) process and allow the inspection of industrial parts and assets for defects without causing any damage. 

Hexagon will run Waygate as part of its Manufacturing Intelligence division. The acquisition pairs Waygate’s computed tomography systems with Hexagon’s Volume Graphics software. 

Why It Matters

The arrangement shows the increasing need for comprehensive inspection services. It also signals innovative developments in quality assurance technologies. Using technology for internal defect detection and measurements is going to help manufacturers in streamlining their work.

An expanded range of global manufacturers will make it possible for Indian manufacturers, OEMs, and industrial plants to carry out more inspections for different purposes. According to Baker Hughes, the sale process is part of effective portfolio management.