Business
Octave holds Investor Day ahead of planned spin-off: Hexagon
Hexagon AB announced that Octave will today hold an Investor Day in New York, ahead of the planned spin-off. If approved by Hexagon's shareholders, the spin-off is expected to be completed with an effective date of May 22, 2026, with the first day of trading of Octave SDRs on the Nasdaq Stockholm expected on May 25, 2026, and the first day of trading of Octave class B shares on the Nasdaq Stock Market in New York expected on May 28, 2026.
About this update from Hexagon Ab Class B
[{"type":"text","content":"STOCKHOLM, March 26, 2026 /PRNewswire/ -- Hexagon AB announced that Octave will today hold an Investor Day in New York, ahead of the planned spin-off. If approved by Hexagon's shareholders, the spin-off is expected to be completed with an effective date of May 22, 2026, with the first day of trading of Octave SDRs on the Nasdaq Stockholm expected on May 25, 2026, and the first day of trading of Octave class B shares on the Nasdaq Stock Market in New York expected on May 28, 2026.","length":493,"tagName":"p"},{"type":"text","content":"During the investor day, the Octave leadership team will outline their vision for Octave as a stand-alone company, with presentations focusing on the operational strengths of the business, technology and innovation roadmaps, capital allocation priorities and medium-term financial objectives. For Octave, these initiatives combine to support an overall strategy to accelerate growth, expand recurring revenues and drive improved profitability and cash generation.","length":463,"tagName":"p"},{"type":"text","content":"Octave Investor Day Highlights","length":30,"tagName":"p"},{"type":"text","content":"Octave is an enterprise software company with approximately $1.6 billion in total revenue, $1.1 billion in annual recurring revenue (ARR), and approximately 4,500 customers across 140 countries. Octave achieved ARR growth of approximately 9% in 2025, an Adjusted operating margin of approximately 31%, and a Free cash flow margin of approximately 20% in 2025.","length":359,"tagName":"p"},{"type":"text","content":"Key Themes the Investor Day Presentations will cover:","length":53,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"The customer problem and market opportunity - the asset-intensive industries Octave serves face persistent challenges managing the full lifecycle of their physical assets.This creates a significant market opportunity for Octave, reflected in a serviceable addressable market ("SAM") of approximately $28 billion in 2025, which is expected to grow at a compound annual growth rate of approximately 10% to over $40 billion by 2029.","length":439,"tagName":"p"}]},{"val":[{"type":"text","content":"Product and technology strategy - Octave's integrated platform spans four workflow environments (Design, Build, Operate, and Protect), delivering "L...