Hexagon’s SIG division set to form the core of new company Octave

In a big shift for the geospatial community, Hexagon intends to spin off several key business units – including the Safety, Infrastructure & Geospatial (SIG) division – into a new standalone company called Octave. The plans were announced at the global Hexagon Live event held in Las Vegas last week. If approved, the dedicated software and SaaS company is expected to launch in the first half of 2026, combining Hexagon’s geospatial portfolio with other digital tools designed to help organizations make smarter, data-driven decisions.

The spin-off, still subject to stakeholder and regulatory approvals, is designed to sharpen the focus of both the new company and Hexagon itself. For the geospatial community, the announcement signals a big shift. While much of the leadership and product portfolio will remain familiar, Octave will bring together Hexagon’s SIG division with tools such as Bricsys and ETQ, currently housed in other parts of Hexagon’s broader business. The goal? To provide users with a more integrated and data-driven experience across infrastructure, public safety, asset management and beyond.

Depth and scale

“As we prepare for the potential separation from Hexagon, Octave will be a powerful identity to reflect the significant growth opportunity,” said Mattias Stenberg, current president of Hexagon’s Asset Lifecycle Intelligence and Safety, Infrastructure & Geospatial divisions and incoming Octave CEO. He added that as a separate company, Octave will have the depth, scale and expertise needed to take full advantage of software and services opportunities across both industry and the public sector – and to deliver intelligence at scale.

With the relevant business units employing around 7,200 people and accounting for 2024 revenues of over €1.4 billion, Octave is poised to hit the ground running. Its portfolio will support customers throughout the full asset lifecycle – from design and construction to operations and emergency response – by delivering clearer insights and supporting smarter decisions at every stage.

While the final separation still awaits board, shareholder and regulatory approval, Hexagon expects to complete the process in the first half of 2026. More details about the transition, including costs and structure, will follow in due course.