Baker Hughes CompanyNASDAQ: BKR

Baker Hughes Closes Sale of Waygate Technologies to Hexagon

· Issued by Baker Hughes Company via GlobeNewswire

Summary by 6ix AI

Baker Hughes, an energy technology company, completed the sale of its Waygate Technologies business to Hexagon in an all-cash transaction valued at approximately $1.45 billion, before customary closing adjustments.

Key details

  • Baker Hughes says the sale brings pre-tax cash proceeds of approximately $1.45 billion, before customary closing adjustments.
  • The sale covers Waygate Technologies' remote visual inspection, ultrasound, radiography and imaging product lines, and all assets of the business, including intellectual property, footprint and resources.

What’s still pending

  • The final proceeds are subject to customary closing adjustments.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/baker-hughes-closes-sale-of-waygate-technologies-to-hexagon

Watch Baker Hughes' latest callBaker Hughes (NASDAQ:BKR) Q3 2026 Earnings Call · Replay · Oct 28
  • Transaction strengthens balance sheet with pre-tax cash proceeds of approximately $1.45 billion, before customary closing adjustments

HOUSTON and LONDON, Nov. 02, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR, “the Company”), an energy technology company, announced Monday the successful sale of its Waygate Technologies business to Hexagon. The all-cash transaction is valued at approximately $1.45 billion, 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.

This divestiture reinforces the Company’s commitment to disciplined portfolio management, enhances the durability of earnings and cash flow, and further strengthens the Company’s balance sheet.

About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

For more information, please contact:

Media Relations

Adrienne M. Lynch
+1 713-906-8407
[email protected]

Investor Relations

Chase Mulvehill
+1 346-297-2561
[email protected]

View original source (GlobeNewswire)Baker Hughes Company on 6ix

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