Hexagon completes Waygate Technologies purchase from Baker Hughes

Sweden's Hexagon closed its previously announced acquisition of Waygate Technologies, a non-destructive testing specialist, from Baker Hughes. Waygate has about 1,500 employees and generated roughly $630 million in fiscal 2025 revenue; the deal dilutes Hexagon's group margin by about 150 basis points pro forma.

Why it matters: It pushes Hexagon's Manufacturing Intelligence unit into non-destructive testing and the MRO market.