Feb 11 (Reuters) – Oilfield services provider Baker Hughes is exploring a potential $1.5 billion sale of its Waygate Technologies unit, which provides industrial testing and inspection equipment, Bloomberg News reported on Wednesday, citing people with knowledge of the matter. A sale process could kick off in the next few months and attract interest from private equity firms, the report added. Last year, the company said it would buy Chart Industries in a $13.6 billion all-cash deal, to leverage its industrial and energy technology portfolio to drive growth and expand its presence in the natural gas and LNG sectors. Baker Hughes CEO Lorenzo Simonelli has been reshaping the company to adapt to the global energy transition, shedding non-core assets while investing in cleaner energy solutions. Baker Hughes did not immediately respond to a Reuters request for comment. (Reporting by Pooja Menon in Bengaluru; Editing by Shailesh Kuber)
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