Baker Hughes has agreed to sell its Waygate Technologies business to Hexagon for approximately $1.45 billion in an all-cash transaction, before customary closing adjustments. The sale includes Waygate's remote visual inspection, ultrasound, radiography and imaging solutions portfolios, along with intellectual property and resources. Waygate Technologies, part of Baker Hughes' Industrial & Energy Technology segment, is a global leader in advanced non-destructive testing for critical asset inspection. The transaction supports the company's portfolio management strategy, focusing on core strengths including rotating equipment, flow control, digital solutions and decarbonisation. Proceeds will strengthen Baker Hughes' balance sheet and enhance earnings durability. The transaction is expected to close in the second half of 2026, subject to regulatory approvals and customary conditions.

Baker Hughes announces sale of Waygate Technologies to Hexagon. GlobeNewswire | Baker Hughes Yesterday at 11:00pm PDT * Baker Hughes to sell Waygate Technologies business to Hexagon in an all-cash transaction for approximately $1.45 billion, before customary closing adjustments * This transaction is consistent with Baker Hughes' strategic approach to value creation and portfolio management HOUSTON and LONDON, April 13, 2026 (GLOBE NEWSWIRE) - Baker Hughes (NASDAQ: BKR, "the Company"), an energy technology company, announced Monday that it has entered into an agreement to sell its Waygate Technologies business to Hexagon, a global leader in measurement technologies. The all-cash transaction is valued at approximately $1.45 billion, before customary closing adjustments. Waygate Technologies, part of Baker Hughes' Industrial & Energy Technology (IET) segment, is a global leader in advanced non-destructive testing for the inspection of critical assets without disruption. The sale encompasses Waygate Technologies' remote visual inspection, ultrasound, radiography, and imaging solutions portfolios, and all assets of the business, including intellectual property, footprint and resources. This divestiture, alongside the three recently completed transactions and the pending acquisition of Chart Industries, demonstrates Baker Hughes' ongoing dedication to strategic, value-driven portfolio management. These actions are intended to enhance the durability of earnings and cash flow, with the proceeds further reinforcing the strength of the Company's balance sheet. Through a disciplined, returns-focused capital allocation approach, Baker Hughes continues to strengthen its position for sustainable, long-term growth. "This transaction marks another significant milestone and reinforces our ongoing commitment to long-term value creation for our shareholders," said Baker Hughes Chairman and CEO Lorenzo Simonelli. "By sharpening our focus on our core strengths - rotating equipment, flow control, digital, production optimization and decarbonization - we are strategically positioning Baker Hughes to deliver higher returns while accelerating investment in high-growth areas that are aligned with our long-term vision." Hexagon, with headquarters in Stockholm, has approximately 24,500 employees in 50 countries. A global leader in precision measurement, positioning, and autonomous solutions, Hexagon provides the confidence that customers rely on to build, navigate, and innovate, driving productivity, quality, safety, and sustainability in industries like aerospace & defense, automotive, construction, general manufacturing and mining. The closing of the transaction is subject to customary conditions, including regulatory approvals, and is expected to close in the second half of 2026. J.P. Morgan Securities LLC is serving as exclusive financial adviser for Baker Hughes on this transaction. About Baker Hughes Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, its innovative technologies and services are taking energy forward - making it safer, cleaner and more efficient for people and the planet. Visit The Bend Bulletin at bakerhughes.com. Media Relations Investor Relations This is a paid placement. For further inquiries, please contact GlobeNewswire directly.

Fullerton College students explore innovation with Hexagon technology. Posted on April 2, 2026 Fullerton College's Division of Technology and Engineering recently partnered with global leader in measurement technology, Hexagon. This partnership aims to elevate student success through hands-on learning with state-of-the-art technology and equipment. Technology and engineering students, Demetrius Jaedicke and Blake Warner, have found success thanks to the partnership's opportunity and access to modern workforce skills. "As a leading technology partner, Hexagon provides broad platforms of metrology technology that help our learners scale their competencies into the future," said Dean of the Division of Technology and Engineering, Kenneth Starkman. "The college programs that utilize this technology begin with the basics and then quickly transform to leading digital processes. As a person who is looking for technology solutions which cut across different career programs, the Hexagon platforms are ideal for Fullerton College." A drafting engineer major, Jaedicke is currently completing his third year at Fullerton College and looks back at his journey with determination. At the college, he was able to take manual and Computer Numerical Control (CNC) machine courses to understand the mind of a machinist - an essential factor to his career in the aerospace industry. The implementation of Hexagon's new technology taught him how to inspect parts and collect data through measurement and scanning technology. This technology has been instrumental in his work with Coordinate Measuring Machine (CMM) tables, as well as laser trackers and scanners. "Thanks to this experience, I could design and draw up amazing parts. I learned how to keep parts simple so that machinists find the best and most cost-effective way to make the part I draft." said Jaedicke. Blake Warner also shares his success story with the partnership. A second-year administration of justice major, Warner had the opportunity to gain incredible skills, including effective communication, de-escalation tactics, integrity, radio communication and more as a future law enforcement professional. "I had the opportunity to gain hands-on experience for my desired career. This includes listening to special law enforcement speakers, going on cohort field trips to law enforcement agencies and CPR training," said Warner, "I am appreciative and happy to have learned these skills, and I see myself practicing them often in my current job at the Campus Safety Department here at Fullerton College." Recently, he had the opportunity to show Hexagon a newly incorporated tool for Crime Scene Investigation with Hexagon's Handheld BLK Leica Scanner. A highly instrumental tool, the scanner takes crime scene investigation to a whole new level, making learning how to use it essential to the workforce. Jaedicke and Warner's skills and talents were honored as they starred in an episode of The Architect, a series by Hexagon and the Association for Manufacturing Technology (AMT) exploring the transformational power of manufacturing technology through different industries. In their episode, both students are filmed alongside faculty leads Daniel O'Brien and Leticia Ramirez as host Travis Egan explores the relationship between manufacturing and forensic science education. Fullerton College is also the only college ever featured in the series, and the episode will be on display at the International Manufacturing Technology Show in Chicago this fall. "This filming role has helped me become more open to being on camera. I find the ability to be on camera a useful skill for law enforcement, as there is no doubt being filmed is something that will happen in this line of work." said Warner. Thanks to the partnership's opportunities, Warner confidently prepares to earn a Bachelors' Degree in Mortuary Science and one day, work at the Orange County Sherrif Coroner's Office as a Deputy Coroner. Jaedicke has plans to advance his career by pursuing a higher paying role designing parts for machinists to build. Hexagon's technology is not solely limited to the administration of justice and machine technology programs. The engineering and construction technology program uses civil engineering and surveying location metrology, while the drone technology program uses lidar technology. Fullerton College's priority to prepare students for highly demanding careers keeps the college ahead of the curb as a pioneer of curiosity and modern technical education. As its college pushes the boundaries of technology, Fullerton College shape those who use it as the leaders of tomorrow's workforce. Fullerton College's and Hexagon's episode of The Architect is now available to watch on the International Manufacturing Technology Show's website.