Hexagon completes distribution and dual listing of Octave Intelligence plc
Hexagon AB (publ) (“Hexagon”) completes distribution and dual listing of Octave Intelligence plc (“Octave”).
On 24 April 2026, the Annual General Meeting of Hexagon resolved to distribute all shares in its wholly-owned subsidiary Octave to Hexagon’s shareholders and to list Octave on both Nasdaq New York and Nasdaq Stockholm. The Stockholm listing consists of Swedish Depository Receipts representing Octave’s class B shares and is the first listing under Nasdaq Stockholm’s revised rules for spin-offs. The distribution is carried out in accordance with the so-called Lex Asea rules. Octave began trading on Nasdaq Stockholm on 25 May 2026 and the market capitalisation amounted to approximately SEK 50 billion on the first day of trading.
Octave provides mission-critical software that empowers organizations to make informed decisions across every stage of the asset lifecycle – Design, Build, Operate and Protect – where performance, safety and reliability are non-negotiable and failure is not an option. Turning complex operational data into actionable intelligence, Octave connects expertise, real-world conditions and enterprise-scale insight to improve performance, resilience and incident response where it matters most. Octave has approximately 7,200 employees in 45 countries.
Hexagon and Octave were advised by Mannheimer Swartling as to Swedish law in connection with the distribution and listing. The firm’s team mainly consisted of Johan Berg, Aleksander Ivarsson, Nils Nostell, Alice Castler, Joel Palm, Kevin Ewerlöf, Gustaf Åleskog, Nils Holterberg, Daniel Eriksson, Zoran Stambolovski, Anna Hjörneby, Ella Schelin, Anders Erasmie and Christopher Stenberg.
