Baker Hughes Completes $1.45 Billion Sale of Waygate Technologies to Hexagon
Baker Hughes (NASDAQ: BKR) has finalized the divestiture of its Waygate Technologies business unit to Hexagon for approximately $1.45 billion in cash. The transaction includes Waygate's specialized portfolio in remote visual inspection, ultrasound, and radiography technologies. The strategic move is designed to strengthen Baker Hughes' balance sheet and improve the predictability of its long-term cash flows. By offloading this non-core asset, the energy services provider aims to refocus resources on its primary business segments while providing Hexagon with a significant expansion in industrial inspection capabilities.
Tickers: $BKR
Topics: cash flow divestiture energy services