Baker Hughes sells Waygate Technologies to Hexagon
Hexagon is thus expanding its portfolio to include industrial testing and inspection solutions to complement its existing range of metrology and digital industrial applications
As reported on Linkedin, Baker Hughes has announced an agreement to sell its Waygate Technologies business unit to Hexagon. Hexagon is expanding its portfolio to include industrial test and inspection solutions to complement its existing offering in metrology and digital industrial applications. The new ownership will enable Waygate Technologies to continue its product development and market penetration with focused investment.
For Baker Hughes, the sale is part of a focused portfolio strategy. The company is focusing its activities more strongly on core areas such as rotating equipment, flow control, digital solutions, production optimization and decarbonization. Freed-up funds will be invested in technologies that support reliability, resilience and sustainability in energy and industrial systems. Both companies emphasize the continuation of customer support during the transition phase.
