Hexagon AB Acquires Waygate Technologies from Baker Hughes
What happened
Hexagon AB completed the acquisition of Waygate Technologies from Baker Hughes. Waygate Technologies is a global leader in non-destructive testing (NDT), providing solutions such as industrial radiography and computed tomography (CT). The acquisition extends Hexagon's Manufacturing Intelligence Business Area into the maintenance, repair and operations (MRO) market.
From prnewswire.com
Why it matters
The integration combines Waygate's CT systems with Hexagon's Volume Graphics software to create a complete inspection and quality offering across the product lifecycle. On a pro forma basis for fiscal year 2025, the transaction is expected to dilute the Manufacturing Intelligence Business Area's margin by approximately 300 basis points and Hexagon's Group margin by approximately 150 basis points.
From prnewswire.com
Who's involved
- Hexagon ABAcquired Waygate Technologies from Baker Hughes to enhance its CT systems capabilities.
- Baker HughesSold Waygate Technologies to Hexagon AB in a completed transaction.
- Volume GraphicsIts software will be combined with Waygate's CT systems following the acquisition.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Baker HughesSpeculative
Baker Hughes might lose a major revenue stream and business unit due to the divestiture of Waygate Technologies.
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The entities involved
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Hexagon AB
company
Nothing else this week.
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Baker Hughes
energy technology company