# Hexagon Completes $1.45 Billion Waygate Acquisition, Adding Industrial NDT https://cncoutlook.com/news/hexagon-completes-waygate-technologies-acquisition-ndt-2026/ By CNC Outlook Editorial · 2026-11-02 Hexagon closed its Waygate Technologies purchase on November 2, adding CT, radiography, ultrasonic inspection and remote visual inspection to its manufacturing metrology portfolio. [Hexagon]() said on November 2, 2026 that it had completed the purchase of Waygate Technologies from Baker Hughes. The approximately $1.45 billion transaction brings a substantial nondestructive testing business into Hexagon’s Manufacturing Intelligence division. Waygate was consolidated from November 1; this is the closing of an acquisition [announced in April](), not a newly proposed deal. For manufacturers, the change adds inspection methods that can examine features a touch probe or optical sensor cannot see. Waygate supplies industrial computed tomography (CT), radiography, ultrasonic testing, imaging and remote visual inspection equipment. Hexagon already serves machine shops and production-quality departments through dimensional metrology hardware and software. The acquisition broadens the possible inspection chain beyond external geometry and into internal structure and asset condition. Waygate generated approximately $630 million in revenue during fiscal 2025 and employed about 1,500 people across 25 locations, according to Hexagon’s [closing disclosure](). These are historical figures describing the acquired business, not a forecast of additional sales or an estimate of near-term synergies. ## Internal defects are a different measurement problem A coordinate measuring machine can check accessible dimensions against a drawing or model, but a machined or cast component may also contain hidden porosity, cracks, internal passages or assembly interfaces. CT and radiography use penetrating radiation to inspect the interior without sectioning the part. Their results can complement—not replace—the surface and feature measurements used to qualify a CNC process. Selection still depends on part size, material, geometry, inspection resolution and the applicable acceptance criteria. Hexagon identifies an intended connection between Waygate’s CT portfolio and its Volume Graphics analysis software. In principle, that gives manufacturing engineers a route to compare volumetric inspection with the same product-definition and quality questions that drive surface metrology. But a corporate acquisition does not by itself establish a validated, ready-to-use workflow for every customer. The companies have not published a common integration timetable or demonstrated a specific cycle-time gain in the November completion notice. The expanded business also reaches beyond factory acceptance tests. Remote visual inspection and ultrasonic methods are used in maintenance, repair and operations, where operators assess the condition of equipment or components already in service. That market has different purchasing cycles and qualification requirements from buying a new coordinate measuring machine or an in-process CNC probe. ## A large deal with a measurable integration burden The announced enterprise value is approximately $1.45 billion on a cash- and debt-free basis. Hexagon says it is funding the cash consideration from available cash and debt facilities. It estimates transaction, separation and integration costs of about €50 million. On a pro forma fiscal-2025 basis, Hexagon projects that the acquired business reduces the Manufacturing Intelligence division’s EBITAC margin by roughly 300 basis points and the group margin by about 150 basis points. Those represent approximately 3 and 1.5 percentage points respectively; they are accounting comparisons, not predicted reductions in customer inspection costs. Management’s stated plan is to improve profitability through its operating model, manufacturing changes, cross-selling and potential portfolio adjustments. Its targeted 21–24% Manufacturing Intelligence EBITAC margin is an ambition for the business, not Waygate’s current reported margin. The [original April announcement]() had described Waygate’s different EBIT1 measure at about 10% for 2025; those two margin definitions should not be treated as interchangeable. For CNC manufacturers and inspection laboratories, the immediate news is ownership and portfolio scope. Whether Hexagon can connect its dimensional measurement, CT and reporting products into simpler production-grade inspection workflows remains an implementation question to judge through actual software compatibility, measurement performance and customer deployments—not the transaction value alone. ## Sources & References - [Hexagon completes acquisition of Waygate Technologies]() — Hexagon (2026-11-02T00:00:00Z) - [Hexagon to acquire Waygate Technologies, expanding into non-destructive testing]() — Hexagon (2026-04-13T08:00:00Z) © CNC Outlook. See https://cncoutlook.com/terms/ for reuse terms.