"Waygate Technologies, headquartered in Germany, is a global leader in non-destructive testing, generating approximately $630 million in annual revenue with a 10% EBIT margin. The company operates across 25 locations worldwide and employs around 1,500 people."
"The acquisition by Hexagon will provide access to Waygate's advanced technology portfolio, which includes computed tomography, radiography, remote visual inspection, and ultrasound, enhancing Hexagon's capabilities in the industrial inspection sector."
"Waygate's revenue is geographically distributed, with 34% from Asia, 30% from North America, 28% from Europe, and 8% from the rest of the world, serving industries such as aerospace, automotive, and energy."
Hexagon's Manufacturing Intelligence division has agreed to acquire Waygate Technologies from Baker Hughes for approximately $1.45 billion. Waygate, a leader in non-destructive testing, generated $630 million in annual revenue and employs around 1,500 people across 25 locations. The acquisition will enhance Hexagon's technology offerings in computed tomography, radiography, and remote visual inspection. The deal is expected to close in the second half of 2026, pending regulatory approvals. Waygate's revenue is distributed across various regions, serving multiple industries including aerospace and automotive.
Read at TNW | Investors-Funding
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