Hexagon pays $1.45 billion for Baker Hughes’ inspection tech unit in biggest European industrial deal of 2026

Hexagon AB, the Swedish industrial technology group ($29B market cap, €5.4B revenue), is acquiring Waygate Technologies from Baker Hughes for $1.45 billion in cash. Waygate is the world’s leading non-destructive testing (NDT) company, with ~$630M in revenue, ~1,500 employees across 25 locations, and technology spanning CT scanning, radiography, ultrasonics, and remote visual inspection for aerospace, […]

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