Hexagon is expanding into non-destructive testing with its announced acquisition of Waygate Technologies, a global leader in computed tomography (CT), radiography, and remote visual inspection (RVI).
Waygate has a portfolio of 2D X-ray and 3D CT systems used for internal part inspection, dimensional metrology and defect detection, which includes its own proprietary X-ray tube manufacturing. Waygate’s CT platforms integrate directly with Hexagon’s Volume Graphics CT analysis and visualisation software.
In RVI, it provides high-end video borescopes and remote visual inspection solutions, combining hardware with advanced 3D measurement and defect characterisation capabilities. The RVI business primarily serves aerospace MRO customers, enabling inspection of aircraft jet engines without the need for disassembly.
As a result of its technological capabilities, the $1.45B purchase gives Hexagon an instant foothold in the high-value aviation maintenance, repair and overhaul (MRO) sector. This diversifies Hexagon MI’s revenue exposure into recurring asset integrity testing markets, which are driven by fleet utilisation and regulatory requirements rather than capital investment cycles.
Combines with Hexagon’s existing coordinate measuring machine (CMM) and metrology software portfolio, the company believes that the addition will prove fruitful for customers that increasingly require both surface and internal inspection as part of a unified quality workflow.
“By combining Waygate’s NDT expertise with Hexagon’s precision measurement portfolio, software capabilities, and global infrastructure, we will create a uniquely integrated offering that helps our customers achieve higher quality, greater efficiency, and improved confidence across the full product lifecycle,” said Hexagon CEO Anders Svensson, adding it sees significant opportunity to create value by applying Hexagon’s operating model to Waygate’s businesses.
“I look forward to welcoming the Waygate team to Hexagon and working together to drive future profitable growth,” he concluded.
Headquartered in Germany and operating across 25 locations worldwide, the Waygate employs approximately 1,500 people and generates approximately $630 million in annual revenue.
