Hexagon AB to Acquire Waygate Technologies for 1.45 Billion USD

This article is based on an official press release from Hexagon AB.

Hexagon AB has announced a definitive agreement to acquire Waygate Technologies from Baker Hughes in a transaction valued at approximately $1.45 billion. The Acquisitions marks a significant expansion for the metrology and measurement specialist, moving its capabilities deeper into the non-destructive testing (NDT) market.

According to the official press release, the deal will integrate Waygate’s inspection technologies with Hexagon’s existing precision measurement hardware and software. This move extends Hexagon’s quality assurance reach from surface-level component inspection to interior geometry analysis.

We note that this acquisition broadens Hexagon’s footprint beyond the traditional production floor, opening new opportunities in the maintenance, repair, and operations (MRO) sectors across aerospace, automotive, energy, and industrial Manufacturing.

Expanding Manufacturing Intelligence

Waygate Technologies, headquartered in Germany, operates across 25 locations worldwide and employs approximately 1,500 people. The company is recognized as a global market leader in computed tomography (CT), radiography, and remote visual inspection (RVI).

In its press release, Hexagon stated that Waygate generated around $630 million in revenue during fiscal year 2025, with an operating margin of 10 percent. Specifically, the radiography and RVI platforms accounted for approximately $330 million of that revenue, operating at a 16 percent margin. Hexagon plans to classify these high-performing segments as profitability and growth assets within its operating model.

Strategic Vision and Integration

The integration of Waygate into Hexagon’s Manufacturing Intelligence (MI) division is viewed by the company as a natural evolution of its core competencies. By combining Waygate’s NDT expertise with Hexagon’s software and global infrastructure, the combined entity aims to offer comprehensive quality control throughout the entire product lifecycle.

Hexagon’s leadership emphasized the complementary nature of the two businesses.

“This acquisition is a natural and exciting evolution of Hexagon Manufacturing Intelligence’s Strategy,” said Anders Svensson, President and CEO of Hexagon, in the company’s press release.

AirPro News analysis

We view this $1.45 billion acquisition as a strategic maneuver by Hexagon to capture a larger share of the aerospace and industrial MRO markets. By bringing non-destructive testing in-house, Hexagon can offer a more unified hardware and software ecosystem to manufacturers who increasingly require end-to-end quality assurance.

The transaction, which is expected to close in the second half of 2026 subject to customary regulatory approvals, also presents a clear pathway for margin improvement. Hexagon’s stated plans to apply its operating model to Waygate suggest that we may see manufacturing optimization and localization strategies implemented in the medium term.

Frequently Asked Questions

What is the value of the Hexagon and Waygate Technologies deal?

The transaction is valued at approximately $1.45 billion.

When is the acquisition expected to close?

The deal is expected to close during the second half of 2026, pending customary regulatory approvals and closing conditions.

What does Waygate Technologies do?

Waygate Technologies is a leading provider of non-destructive testing (NDT) solutions, specializing in computed tomography (CT), radiography, and remote visual inspection (RVI) for various industrial sectors.

Sources: Hexagon AB