Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Portfolio
  • Forum
  • Q&A
  • About Us
    • Our Coverage
    • Team
Press release

Hexagon agrees sale of non-core business areas

Hexagon

Stockholm, Sweden, 2 July 2025 - Hexagon AB has announced the sale of certain non-core business assets within its Safety, Infrastructure & Geospatial (SIG) division. These divestments will allow Hexagon's SIG division to focus on its core software portfolio, particularly its fast-growing public safety business, ahead of the potential separation of Octave.

Most of the purchase is by Bart & Associates (B&A), which has acquired several business assets out of Hexagon US Federal, including IT services supporting the US Federal market, geospatial data production services, and the supply of ruggedized hardware for enabling cyber assurance and situational awareness. In addition, Hexagon has exited a smaller reseller business of APIs and related services designed to solve challenges in mapping and geospatial positioning. Most of the products sold in these businesses are not sold elsewhere across Hexagon.

In 2024, the divested businesses contributed around 90 MUSD in revenues in total, with a level of profitability in line with similar services businesses. Hexagon has agreed with the buyers to not disclose the transaction value. The businesses will be carved out and deconsolidated during July 2025.

Second quarter financial updates

Items affecting comparability (non-recurring items), reflecting costs related to the potential separation of Octave, are expected to amount to 16 MEUR in the second quarter of 2025. As previously announced, Octave will be a pureplay software and SaaS company, and if approved by relevant stakeholders, it is the Hexagon Board's current expectation that the separation and listing process will be completed in the first half of 2026.

+++

FOR MORE INFORMATION, CONTACT: 
Tom Hull, Head of Investor Relations, Hexagon, +44 7442 678 437, ir@hexagon.com 
Anton Heikenström, Investor Relations Manager, Hexagon, +46 73 82 66 390,
ir@hexagon.com

Find us on social media
  • Inderes Forum
  • Youtube
  • Instagram
  • Facebook
  • X (Twitter)
Get in touch
  • info@inderes.se
  • +46 8 411 43 80
  • Vattugatan 17, 5tr
    111 52 Stockholm
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.