Planned spin-off of Octave
On 24 April 2026, the Annual General Meeting of Hexagon AB resolved to distribute all shares in its wholly-owned subsidiary Octave to Hexagon's shareholders. The Board of Directors also was authorised to determine the record date for the distribution, which has been set for 22 May 2026.
In 2025, Octave would have had the following financial profile:
Revenues of 1.23 billion USD
Operating margins of 31%
Please note: all numbers are prepared on an IFRS basis and may differ under US GAAP
The Board intends for the potential separation to take place in the first half of 2026.
Watch Octave's President & CEO, Mattias Stenberg, discuss the business and rationale for the separation.
Key documents relating to the potential separation of Octave can be found here:
Auditors statement regarding the Board of Directors changed proposal regarding appropriation of earnings
24 March 2026
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For more information contact ir@hexagon.com