04.07.2025 • News

Hexagon plans spin-off

Hexagon plans to spin off its Asset Lifecycle Intelligence and Safety, Infrastructure & Geospatial divisions into a new company called Octave.

This will also include ETQ and Bricsys and will focus on data-driven decisions as a software and SaaS company. The goal is to help customers design, build, operate, and protect their assets more effectively. Octave will have a strong identity with growth opportunities, said Mattias Stenberg, Octave's CEO-designate.

At the end of 2024, the affected businesses employed around 7,200 people and generated revenue of €1.448 billion. The separation and IPO are planned for the first half of 2026, subject to approval by relevant stakeholders. The process is subject to further approvals and there is no guarantee that it will take place.

Event

AKL – International Laser Technology Congress in Aachen

From April 22 to 24, 2026, the Fraunhofer Institute for Laser Technology ILT invites you to AKL'26. The photonics congress with over 500 participants is taking place for the 15th time, this year with a significantly expanded program, over 80 presentations, and 54 exhibitor booths.