{"id":1015952,"date":"2026-11-02T02:11:37","date_gmt":"2026-11-02T07:11:37","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-closes-sale-of-waygate-technologies-to-hexagon\/"},"modified":"2026-11-02T02:11:37","modified_gmt":"2026-11-02T07:11:37","slug":"baker-hughes-closes-sale-of-waygate-technologies-to-hexagon","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-closes-sale-of-waygate-technologies-to-hexagon\/","title":{"rendered":"Baker Hughes Closes Sale of Waygate Technologies to Hexagon"},"content":{"rendered":"<div class=\"mw_release\">\n<ul type=\"disc\">\n<li style=\"margin-bottom:8pt\">\n          <em>Transaction strengthens balance sheet with pre-tax cash proceeds of approximately $1.45 billion, before customary closing adjustments<\/em><br \/>\n          \n        <\/li>\n<\/ul>\n<p>HOUSTON and LONDON, Nov.  02, 2026  (GLOBE NEWSWIRE) &#8212; Baker Hughes (NASDAQ: BKR, \u201cthe Company\u201d), 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.<\/p>\n<p>The sale encompasses <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=JwlJ_SXnNCMhLVwjFsnH7F3zLirohJN_zN5AX1WPnPoh-VgVqvBOPwQaWrghk3uqEviT3RFZ6mChCKqkzx39kjl8IxX-51g3ZocqoEZZA7-SDn4OoF9RM7TUZ89_VSdK\" rel=\"nofollow\" target=\"_blank\">Waygate Technologies\u2019<\/a> remote visual inspection, ultrasound, radiography, and imaging solutions portfolios, and all assets of the business, including intellectual property, footprint and resources.<\/p>\n<p>This divestiture reinforces the Company\u2019s commitment to disciplined portfolio management, enhances the durability of earnings and cash flow, and further strengthens the Company\u2019s balance sheet.<\/p>\n<p>\n        <strong>About Baker Hughes<\/strong><br \/>\n        <br \/>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 \u2013 making it safer, cleaner and more efficient for people and the planet. Visit us at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=iYmffjpOO3bsYG4ChkaPHKiijiWZxQB-xeF0tPSSvW43L5HNkVvbGn1deSweLvhfVfxQ45xTpGXJ5Dld4sLoCFTeWBDEnyXje8QgnbkS-B0=\" rel=\"nofollow\" target=\"_blank\">bakerhughes.com.<\/a><\/p>\n<p>\n        <strong>For more information, please contact:<\/strong>\n      <\/p>\n<p>\n        <strong>Media Relations <\/strong>\n      <\/p>\n<p>Adrienne M. Lynch<br \/>+1 713-906-8407<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=G1PxBidxhbtEM1d-ScZ2dphuoUZxuUQkpdMElJw8EIHGNWPrccXWylYO7t6_WAUVx2pqCLR-QNFFntheJs-2iBMwI3kzTeg3afUQOyORfQTzNgGnprTRxLpAs3zYTlQW\" rel=\"nofollow\" target=\"_blank\">adrienne.lynch@bakerhughes.com<\/a><\/p>\n<p>\n        <strong>Investor Relations<\/strong>\n      <\/p>\n<p>Chase Mulvehill<br \/>+1 346-297-2561<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_sHv9GjZJ9II9FPTGw2YRPlrgcEgbQvlPOdPsv7eIXI-UINQNlXgZUMntdLZ1JTGP-PsenLbCU1Dkpkyl1H9YrJw5Vg8asOpBmE3-2d4mBax3U0_prXjsj6sAtmfMVaBsdg4hOxzFJ4JaqQhcYQZ0g==\" rel=\"nofollow\" target=\"_blank\">investor.relations@bakerhughes.com<\/a><br \/>\u00a0\u00a0\u00a0<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg2Nzc3MSM3OTI4MjQxIzIwMDU2NDA=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZDMxNWJmNTktOTdhMC00ODU3LThkNmItY2RkNWNhMGZjMTYxLTEwMTcyMTMtMjAyNi0xMS0wMi1lbg==\/tiny\/Baker-Hughes-Energy-Services-L.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>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) &#8212; Baker Hughes (NASDAQ: BKR, \u201cthe Company\u201d), 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\u2019 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\u2019s commitment to disciplined portfolio management, enhances the durability of earnings and cash flow, and further strengthens the Company\u2019s balance sheet. About Baker Hughes Baker Hughes (NASDAQ: BKR) is an &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-closes-sale-of-waygate-technologies-to-hexagon\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Baker Hughes Closes Sale of Waygate Technologies to Hexagon&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1015952","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Baker Hughes Closes Sale of Waygate Technologies to Hexagon - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-closes-sale-of-waygate-technologies-to-hexagon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Baker Hughes Closes Sale of Waygate Technologies to Hexagon - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"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) &#8212; Baker Hughes (NASDAQ: BKR, \u201cthe Company\u201d), 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\u2019 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\u2019s commitment to disciplined portfolio management, enhances the durability of earnings and cash flow, and further strengthens the Company\u2019s balance sheet. About Baker Hughes Baker Hughes (NASDAQ: BKR) is an &hellip; Continue reading &quot;Baker Hughes Closes Sale of Waygate Technologies to Hexagon&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/baker-hughes-closes-sale-of-waygate-technologies-to-hexagon\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-11-02T07:11:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg2Nzc3MSM3OTI4MjQxIzIwMDU2NDA=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/baker-hughes-closes-sale-of-waygate-technologies-to-hexagon\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/baker-hughes-closes-sale-of-waygate-technologies-to-hexagon\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Baker Hughes Closes Sale of Waygate Technologies to Hexagon\",\"datePublished\":\"2026-11-02T07:11:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/baker-hughes-closes-sale-of-waygate-technologies-to-hexagon\\\/\"},\"wordCount\":203,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/baker-hughes-closes-sale-of-waygate-technologies-to-hexagon\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTg2Nzc3MSM3OTI4MjQxIzIwMDU2NDA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/baker-hughes-closes-sale-of-waygate-technologies-to-hexagon\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/baker-hughes-closes-sale-of-waygate-technologies-to-hexagon\\\/\",\"name\":\"Baker Hughes Closes Sale of Waygate Technologies to Hexagon - 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The all-cash transaction is valued at approximately $1.45 billion, before customary closing adjustments. The sale encompasses Waygate Technologies\u2019 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\u2019s commitment to disciplined portfolio management, enhances the durability of earnings and cash flow, and further strengthens the Company\u2019s balance sheet. 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