Muji Owner Ryohin Keikaku Stock Soars After Raising Full-Year Earnings Forecast 
Samsung Chairman Lee Jae-yong Expected to Meet Nvidia CEO Jensen Huang on AI and Chip Partnership 
Deutsche Bank Fined A$2 Million by ASIC Over OTC Derivatives Reporting Errors 
UBS Starts CarTrade Tech With Buy Rating, Sees Strong Earnings Growth and ₹4,000 Target 
OpenAI Executive Fidji Simo to Step Down Amid Health Challenges Ahead of IPO 
Mastercard Explores Sale of Majority Stake in UK Payments Firm Vocalink: Report 
SK Hynix Soars 13% in Nasdaq Debut After Record $26.5 Billion IPO 
Yaskawa Electric Shares Slide as Weak Profit Overshadows Strong AI Demand 
Goldman AM Sees Strong Buyout Opportunities in Japan, South Korea and Australia 
AstraZeneca Shares Sink After Wainua Trial Misses Key Heart Disease Goal 
SoftBank Corp Partners With Sierra to Expand AI Customer Support Across Japan 
Oppenheimer Sees CNH Industrial as Top 2026 Agriculture Stock Pick on Dealer Consolidation Strategy 
SK Hynix Prices Record U.S. ADR Offering at $149 After $200 Billion Investor Demand 
Nippon Paint Reportedly Offers Up to €7.5 Billion for Akzo Nobel Decorative Paints Business 
Kitron Q2 Revenue Beats Estimates as Defense Demand Lifts Growth 
Levi Strauss Raises 2026 Outlook After Q2 Earnings Beat, Shares Drop Despite Strong Results 
Elon Musk Says Anthropic Leads AI Race as Claude Models Challenge OpenAI 
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.
