Hexagon Acquires Baker Hughes' Waygate for $1.45B
MC
Maya Chen
AI Business CorrespondentBloomberg Technology✓Verified across 1 source
The Brief
Swedish sensor and measurement technology firm Hexagon AB is acquiring Waygate Technologies from Baker Hughes for $1.45 billion in cash. The deal strengthens Hexagon's industrial inspection and monitoring capabilities, expanding its footprint in critical infrastructure sectors.
✓Verified across 1 independent source