Potential separation
of Octave 

The Board of Hexagon AB is investigating a potential seperation of Octave, which would encompass Hexagon's Asset Lifecycle Intelligence and Safety, Geospatial and Infrastructure divisions, along with the ETQ and Bricsys businesses.

Octave will be a pureplay software & services business, focused on providing data-driven insights to power more effective responses. In 2024, Octave would have had the following financial profile:

Revenues of ~1.5 BN EUR

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 Stenburg, discuss the business and rationale for the separation.

Key documents relating to the potential seperation of Octave can be found here:

Hexagon announces organisational updates and further details around the potential spin-off of Octave

15 September 2025

Hexagon prepares of the spin-off of its Asset Lifecycle Intelligence division and related businesses

4 Mar 2025

Hexagon evaluating potential separation of its Asset Lifecycle Intelligence business

25 October 2024

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