Baker Hughes Company (NYSE:BKR) has announced the sale of its Waygate Technologies business to Hexagon in an all-cash transaction valued at approximately $1.45 billion. The deal encompasses Waygate's full range of non-destructive testing solutions, including remote visual inspection and ultrasound, along with all related assets such as intellectual property. This divestiture is part of Baker Hughes' strategy to streamline its operations and focus on its core competencies in oilfield services and energy technology. The transaction is anticipated to close in the second half of 2026, pending regulatory approvals. Following a recent reorganization, Baker Hughes operates in two segments: oilfield services and equipment, and industrial and energy technology. The sale of Waygate Technologies is expected to enhance operational efficiency and profitability, reinforcing the company's competitive position in the energy market. As of December 31, 2025, Baker Hughes reported cash and cash equivalents of $3.715 billion.