June 17, 2025 - The spin-off company of Hexagon’s Asset Lifecyle Intelligence and Safety, Infrastructure & Geospatial divisions, and related businesses will operate as “Octave.”
In a statement, Hexagon announced that the “new business will be a pureplay software and SaaS company focused on helping customers make smarter, more data-driven decisions across their organization. Octave’s portfolio will help customers design, build, operate and protect assets more effectively, enabling clearer insights and better incident response.”
Octave will also include ETQ, which currently operates under the Manufacturing Intelligence division, and Bricsys, now operating under the Geosystems division.
Mattias Stenberg, current President of Hexagon’s Asset Lifecycle Intelligence and Safety, Infrastructure & Geospatial divisions and incoming Octave Chief Executive Officer, said, “As a separate, stand-alone company Octave will have the depth, scale, and expertise necessary to capitalize on software and services opportunities across the industrial and public sector spaces and deliver intelligence at scale.”
Hexagon said that “the separation and listing process will be completed in the first half of 2026,” pending approval by relevant stakeholders.
Source: Hexagon
