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Hexagon Completes Acquisition of Waygate Technologies From Baker Hughes

By Public Technologies
  • Hexagon completed its acquisition of Waygate Technologies from Baker Hughes at an enterprise value of approximately USD 1.45 billion.
  • Waygate joins Manufacturing Intelligence, consolidated from Nov. 1, 2026; the industrial inspection business generated approximately USD 630 million in fiscal 2025 revenue.
  • On that pro forma basis, the acquisition reduces Manufacturing Intelligence’s margin by approximately 300 basis points and the group’s by 150 basis points.
  • The integration targets a 21-24% EBITAC margin for Waygate; estimated transaction, separation and integration costs total approximately EUR 50 million.
  • Cash and existing credit facilities fund the purchase; pro forma net debt is approximately 1.4 times EBITDA, including other completed and announced acquisitions.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hexagon AB published the original content used to generate this news brief via Cision (Ref. ID: 202611020200BITN____UKPR__SV_20261101-BIT-2924-0) on November 02, 2026, and is solely responsible for the information contained therein.

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