Bricsys Update: Hexagon’s Potential Spin-Off to Operate as Octave
July 16, 2025
Bricsys, the developer of the BricsCAD® design platform and part of Hexagon AB, is pleased to share an update on the potential spin-off announced by Hexagon earlier this year.
As part of this proposal, Bricsys would join a new independent company alongside Hexagon’s Asset Lifecycle Intelligence (ALI) and Safety, Infrastructure & Geospatial (SIG) divisions, as well as ETQ. On June 17, 2025, Hexagon announced that, should the spin-off be approved and completed, NewCo will operate under the name Octave.
The name Octave reflects the idea of turning complexity into a clear and coordinated performance. The company will bring software, data and domain expertise together to convert information into action, helping customers design, build, operate, and protect assets with sharper insight and faster response—from pipelines and power grids to emergency services and enterprise operations.
“As we prepare for the potential separation from Hexagon AB, Octave will be a powerful identity to reflect the significant growth opportunity,” said Mattias Stenberg, current President of Hexagon’s ALI and SIG divisions and the designated CEO of NewCo. “As a separate, stand-alone company Octave will have the depth, scale, and expertise necessary to capitalize on software and services opportunities across the industrial and public sector spaces and deliver intelligence at scale.”
“Octave embodies the concept of doubling a frequency,” said David Dejaegher, CEO of Bricsys. “For us, it symbolizes our commitment to doubling down on our efforts, going the extra mile, and exceeding expectations to meet our customers' needs. By operating in the spirit of Octave, we stay focused on our mission: to make BricsCAD the go-to choice for professionals who want a true CAD alternative."
A recording of the official announcement at Hexagon LIVE 2025, featuring more from Stenberg on Octave’s purpose and vision, is available on Hexagon’s YouTube channel.
Until the spin-off is completed sometime in the first half of 2026, Bricsys remains part of Hexagon AB and continues to focus on delivering professional, DWG-native CAD solutions that help customers design and build better, faster, and more efficiently. We’re excited to continue bringing our mission to life as part of Octave.
About Bricsys
Bricsys®, a Hexagon company, is a leader in computer-aided design (CAD) software and collaboration tools. The BricsCAD® product line and Bricsys® 24/7 platform empower customers to deliver projects quicker with smart, cost-effective solutions. Our commitment to advanced CAD and collaboration technology is matched by our dedication to providing exceptional support. Learn more at bricsys.com.
Hexagon is the global leader in digital reality solutions. Learn more about Hexagon (Nasdaq Stockholm: HEXA B) at hexagon.com and follow us @HexagonAB.
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