Octave Intelligence plc Listed on Nasdaq New York

Octave Intelligence plc successfully completed its spin-off from parent company Hexagon AB on May 22, 2026. The company's Swedish depository receipts began trading on Nasdaq Stockholm on May 25, and its Class B ordinary shares commenced trading on Nasdaq New York today under ticker symbol 'OCTV'. Octave, which serves over 60% of the Global Fortune 500, provides connected intelligence solutions for critical infrastructure management.

05/28/2026, 7:00 AM • GlobeNewswire

Octave Intelligence Plc Listed on Nasdaq Stockholm

Hexagon AB completed the spin-off of its wholly-owned subsidiary Octave Intelligence plc on May 25, 2026. Hexagon shareholders received one Octave share for every ten Hexagon shares held. Octave began trading on Nasdaq Stockholm on May 25, 2026 (ticker: OCTV SDB) and is expected to commence trading on Nasdaq New York on May 28, 2026 (ticker: OCTV). The company provides mission-critical software for asset lifecycle management across design, build, operate, and protect stages.

05/25/2026, 7:00 AM • GlobeNewswire

Octave Intelligence Plc Listed on Nasdaq Stockholm

Hexagon AB completed the spin-off of its wholly-owned subsidiary Octave Intelligence plc on May 25, 2026. Hexagon shareholders received shares in Octave based on their holdings, with Octave's class B shares beginning trading on Nasdaq New York on May 28, 2026, and SDRs trading on Nasdaq Stockholm under ticker OCTV SDB. Octave is an Irish-registered software company with approximately 7,200 employees across 45 countries.

05/25/2026, 7:00 AM • GlobeNewswire

Baker Hughes Dumps Non-Core Unit In $1.45 Billion Deal

Baker Hughes agreed to sell its Waygate Technologies business to Hexagon in an all-cash transaction valued at $1.45 billion. The divestiture is part of Baker Hughes' strategy to streamline its portfolio, strengthen its balance sheet, and enhance earnings and cash flow durability. BKR shares were up 1.61% in premarket trading on Monday.

04/13/2026, 7:32 AM • Benzinga

Octave holds Investor Day ahead of planned spin-off: Hexagon

Octave, an enterprise software company with $1.6 billion in revenue and $1.1 billion in ARR, held an Investor Day ahead of its planned spin-off from Hexagon. The spin-off is expected to be completed by May 22, 2026, with trading on Nasdaq Stockholm and Nasdaq Stock Market beginning May 25-28, 2026. Octave outlined growth strategies targeting 6-8% ARR growth in 2026 and 10%+ mid-term, with a $28 billion serviceable addressable market expected to grow to over $40 billion by 2029.

03/26/2026, 8:24 AM • Benzinga

Octave Launches New Brand Built Around Unleashing Intelligence at Scale

Hexagon AB announced the brand launch of Octave, its potential software spin-off combining Asset Lifecycle Intelligence, Safety, Infrastructure & Geospatial divisions with Bricsys, ETQ, and Projectmates businesses. Octave aims to help organizations manage complexity across critical infrastructure through domain-specific AI and integrated data platforms across Design, Build, Operate, and Protect lifecycle stages. The spin-off remains subject to board and shareholder approval.

03/02/2026, 9:00 AM • GlobeNewswire

Hexagon lance Octave, une nouvelle marque pour aider les secteurs public et industriel à libérer l’intelligence des données

Hexagon AB announced the unveiling of Octave, a new software brand resulting from a planned spin-off that combines Asset Lifecycle Intelligence, Safety, Infrastructure & Geospatial divisions, and Bricsys, ETQ, and Projectmates operations. Octave aims to help public and industrial sectors leverage data intelligence and AI-integrated applications across asset lifecycle management—from design and construction to operations and protection—to address complexity and uncertainty in critical infrastructure.

03/02/2026, 9:00 AM • GlobeNewswire

Hexagon lancia Octave, un nuovo brand pensato per aiutare i settori pubblico e industriale a liberare l’intelligenza dei dati

Hexagon AB annuncia il lancio di Octave, una nuova società nata dalla scissione che combina le divisioni Asset Lifecycle Intelligence, Safety, Infrastructure & Geospatial insieme alle attività di Bricsys, ETQ e Projectmates. Octave fornisce soluzioni software basate su intelligenza artificiale per aiutare settori pubblico e industriale a gestire il ciclo di vita degli asset, dalla progettazione alla protezione, operando in ambienti complessi e incerti.

03/02/2026, 9:00 AM • GlobeNewswire

Geographic Information System (GIS) Market Share Analysis, Industry Trends & Statistics, Growth Forecasts Worldwide (2026-2031)

The GIS market is projected to grow from USD 14.56 billion in 2025 to USD 31.8 billion by 2031, with a CAGR of 13.94%. Growth is driven by smart-city expansion, cloud-native GIS adoption, AI integration, and increased demand from transportation, oil and gas, and public safety sectors. North America leads with 37.80% market share, while Asia-Pacific shows the strongest growth potential at 15.95% CAGR.

01/21/2026, 6:00 AM • GlobeNewswire

[Latest] Global Precision Forestry Market Size/Share Worth USD 12.66 Billion by 2034 at a 7.57% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value, SWOT Analysis)

The global precision forestry market is projected to grow from USD 6.12 billion in 2024 to USD 12.66 billion by 2034, at a CAGR of 7.57%. Growth is driven by technological advancements in LiDAR, GPS, drones, and AI, along with government initiatives supporting sustainable forest management. Key challenges include high upfront costs, skills gaps, and limited connectivity in remote regions.

01/15/2026, 3:30 AM • GlobeNewswire

Projectmates Completes SOC 2 Examination, Strengthening Security Assurance for Owners

Systemates Inc. successfully completed a SOC 2 security examination for its Projectmates construction project management software, validating its data security and risk management controls across cloud hosting services.

12/17/2025, 12:57 PM • GlobeNewswire

Cadence Stock Eyes Long-Term Growth With AI and China Rebound

Cadence Design Systems reported strong Q3 2025 financial results, beating revenue and earnings expectations. The company sees significant long-term potential in 'physical AI' through simulation tools and semiconductor design automation.

10/30/2025, 8:44 AM • Investing

Construction Site IOT Monitoring System Industry Research and Forecast Report 2025-2030

IoT technologies are transforming construction site monitoring, enabling real-time safety, efficiency, and compliance through advanced sensor networks, predictive analytics, and digital twin technologies across global markets.

10/15/2025, 10:00 AM • GlobeNewswire

Total Station Industry Review 2020-2024 and Forecast 2025-2030: Global Market to Expand at 5.31% CAGR

The total station market is expected to grow from $2.008 billion in 2025 to $2.600 billion by 2030, with a 5.31% CAGR, driven by infrastructure investment, technological advancements, and urbanization in North America and Asia-Pacific.

09/19/2025, 12:42 PM • GlobeNewswire

Hexagon Purus ASA: Results for the second quarter 2025

Hexagon Purus reported a challenging Q2 2025 with 63% lower revenue, signed a new supply agreement with Hino Trucks, and aims to reduce annual operating costs by up to NOK 350 million to improve profitability.

07/17/2025, 1:00 AM • GlobeNewswire