Hexagon Divests Non-Core US Federal and Geospatial Service Assets to Bart & Associates

Hexagon Divests Non-Core US Federal and Geospatial Service Assets to Bart & Associates

(IN BRIEF) Hexagon AB is divesting non-core elements of its SIG division—mainly U.S. Federal IT services, geospatial data production, ruggedized hardware, and a niche API reseller business—to Bart & Associates. These units contributed about USD 90 million in 2024 revenues. The carve-out and removal from Hexagon’s consolidated accounts will occur in July 2025. Concurrently, Hexagon will record roughly EUR 16 million of one-off separation costs in Q2 2025 related to preparing Octave for its spin-off. The Board aims to finalize Octave’s separation and IPO in H1 2026, positioning it as a dedicated software and SaaS entity.

(PRESS RELEASE) STOCKHOLM, 2-Jul-2025 — /EuropaWire/ — Hexagon AB has agreed to sell select non-core assets from its Safety, Infrastructure & Geospatial (SIG) division to sharpen its focus on the division’s primary software offerings—especially its rapidly expanding public safety solutions—prior to the prospective spin-off of Octave.

The bulk of the divestiture is to Bart & Associates (B&A), which will acquire several former Hexagon US Federal business lines, including IT services tailored to the U.S. Federal market, geospatial data production services, and ruggedized hardware solutions that support cyber assurance and situational awareness. Additionally, Hexagon will exit a smaller reseller operation that provided mapping and positioning APIs along with related services—products that were unique to these specific units and not marketed elsewhere within Hexagon.

In 2024, the businesses being sold generated approximately USD 90 million in combined revenues with profitability on par with comparable service offerings. While the transaction value remains confidential by mutual agreement, the impacted units are slated for carve-out and deconsolidation in July 2025.

Looking ahead to the second quarter of 2025, Hexagon anticipates non-recurring charges of around EUR 16 million tied to costs associated with the planned separation of Octave. As previously disclosed, the Board expects Octave—envisioned as a pure-play software and SaaS company—to complete its separation and public listing process in the first half of 2026, pending stakeholder approval.

About Hexagon:

Hexagon is the global leader in measurement technologies. We provide the confidence that vital industries rely on to build, navigate, and innovate. From microns to Mars, our solutions ensure productivity, quality, and sustainability in everything from manufacturing and construction to mining and autonomous systems.

Hexagon (Nasdaq Stockholm: HEXA B) has approximately 24,800 employees in 50 countries and net sales of approximately 5.4bn EUR. Learn more at hexagon.com.

Media Contacts:

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

SOURCE: Hexagon