Baker Hughes Is Said to Weigh $1.5 Billion Sale of Waygate Unit

Baker Hughes Co. is exploring a potential sale of its Waygate Technologies unit, which provides industrial testing and inspection equipment, people with knowledge of the matter said.

The world’s second-biggest oilfield contractor is working with advisers to study a possible divestment of the Waygate business, which could fetch around $1.5 billion, according to the people. A sale process could kick off in the next few months and attract interest from private equity firms, the people said, asking not to be identified because the information is private.

Deliberations are ongoing and there’s no certainty they will lead to a transaction, the ...