Financial Wire

Baker Hughes to Sell Waygate for $1.45 Billion to Hexagon

-- Baker Hughes (BKR) said Monday has entered into a definitive agreement to sell its Waygate Technologies business to Hexagon for approximately $1.45 billion in an all-cash transaction.

The transaction is subject to customary closing conditions and regulatory approvals, with an expected completion date in the second half of 2026.

The buyer, Stockholm-based Hexagon, specializes in precision measurement and autonomous solutions serving industries such as aerospace, defense, automotive, and construction.

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