Hexagon to Buy Baker Hughes’ Waygate for $1.45 Billion

Hexagon AB, a Swedish company that makes sensors and measurement technology, agreed to buy Waygate Technologies for about $1.45 billion in cash from Baker Hughes Co.

The deal will give Hexagon access to technology for remote visual inspection, ultrasound, radiography, and imaging, Houston-based Baker Hughes said in a statement on Monday. The deal is subject to regulatory approvals and the companies expect it to close in the second half of the year.