Baker Hughes has completed the sale of its Waygate Technologies business to Hexagon in an all-cash transaction valued at approximately $1.45 billion, before customary closing adjustments.

The deal includes its remote visual inspection, ultrasound, radiography and imaging solutions, alongside related intellectual property, assets and resources.

The divestiture supports Baker Hughes’ portfolio management strategy, strengthens its balance sheet and aims to enhance earnings and cash flow. -OGN/TradeArabia News Service