Hexagon acquires Waygate Technologies for $1.45 billion

This article was published on April 14, 2026 Waygate generates approximately $630 million in annual revenue with around 1,500 employees across 25 locations. The deal gives Hexagon’s Manufacturing Intelligence division computed tomography, radiography, and remote visual inspection technology with 130+ years of combined heritage. Hexagon, the Stockholm-headquartered measurement and sensor technology group, has agreed to acquire Waygate Technologies from energy technology company Baker Hughes in an all-cash transaction valued at approximately $1.45 billion, before customary closing adjustments. Waygate is a global leader in non-destructive testing, the field of industrial inspection that detects faults and structural defects in components without dismantling or damaging them. The deal is expected to close in the second half of 2026 subject to regulatory approvals. J.P. Morgan is serving as exclusive financial adviser to Baker Hughes on the transaction. Waygate Technologies is headquartered in Germany and operates across 25 locations worldwide, employing approximately 1,500 people. It generated around $630 million in annual revenue in fiscal year 2025 at a 10% EBIT margin. The company