Berkshire Hathaway Cash Falls as Abel Boosts Stock Buybacks 
Moderna Wins FDA Approval for mFLUSIVA mRNA Flu Vaccine for Adults 50+ 
Deutsche Bank Upgrades Persimmon to Buy After Strong First-Half Results 
SK Hynix, Samsung Lead Asian Chip Stock Selloff After Sandisk, Western Digital Outlook 
UOB Q2 Net Profit Rises 10% as Wealth Management Growth Boosts Earnings 
Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins 
Treasury Wine Estates Shares Jump as U.S. Overhaul Lifts FY2026 Outlook 
Mercedes-Benz Stock Offers Deep-Value Potential as Citi Sees Recovery Catalysts 
DeepSeek to Raise AI API Prices as Demand for New Models Surges 
SanDisk Q4 Earnings Beat Estimates as Q1 Revenue Outlook Meets Expectations 
Daimler Truck Q2 Profit Falls 18%, 2026 Outlook Raised 
Sinopec Boosts Russian ESPO Oil Purchases as Middle East Supply Tightens 
Delta Flight Makes Emergency Landing in Atlanta After Cockpit Fumes Reported 
Qantas Shares Climb as Long-Haul Pilot Deal Eases Strike Concerns 
Goldman Sachs Sees US Stock Buybacks Outpacing Equity Issuance as AI Funding Rises 
AMP Shares Surge 13% After Strong Profit and A$150 Million Buyback 
Alibaba Plans Revenue-Sharing Model for Qwen3.8-Max AI Commercial Users 
Baker Hughes (NASDAQ: BKR) has announced a definitive agreement to divest its Waygate Technologies business unit to Swedish technology giant Hexagon for $1.45 billion in an all-cash deal. The move signals a continued strategic shift by the oilfield services company to streamline operations and strengthen its financial position.
The divestiture is a key component of Baker Hughes' broader restructuring strategy, which focuses on shedding non-core assets to improve capital efficiency and cash flow. Earlier this year, the company successfully completed the sales of both its Precision Sensors & Instrumentation division and its Cactus Joint Venture unit, reflecting a pattern of deliberate portfolio consolidation.
Waygate Technologies, the unit at the center of this transaction, is a globally recognized provider of non-destructive testing and inspection solutions. The business serves clients across more than 80 countries and employs over 1,700 professionals who specialize in advanced technologies used to examine the integrity of materials and components without causing damage. Its expertise spans industries where precision and safety are critical, making it a valuable acquisition for Hexagon's growing technology portfolio.
The deal is expected to close in the second half of 2026, pending regulatory approvals and customary closing conditions. Once finalized, Baker Hughes will receive the full $1.45 billion in cash, further bolstering its balance sheet.
While Baker Hughes trims certain divisions, the company is simultaneously pursuing growth through its planned $13.6 billion acquisition of Chart Industries, a deal that underscores its ambitions in the energy transition and industrial gas equipment sectors.
Together, these strategic moves highlight Baker Hughes' intent to evolve into a more focused energy technology company, positioning itself competitively in an industry undergoing significant transformation driven by energy demand shifts and decarbonization trends.
