Hexagon operates in Manufacturing Intelligence, Asset Lifecycle Intelligence, Geosystems, Autonomous Solutions, and Safety, Structure & Geospatial segments. The company is undergoing a major strategic transformation with a planned spin-off of Octave Intelligence as a pure-play asset-centric software business, completing in H1 2026. In September 2025, Cadence Design Systems announced it would acquire the design and engineering business of Hexagon for €2.7 billion, including MSC Software.
Cyborg Score Rationale
Innovative product launches focused on automation and robotics, growing recurring software revenues, and cost improvement initiatives are set to drive growth while boosting earnings predictability. However, the company faces near-term headwinds from divestitures and competitive pressures as it restructures.
Top Insights
Major Octave spin-off in H1 2026 creating two focused entities: Hexagon for industrial tech and Octave Intelligence for asset-centric software
Design & Engineering business divested to Cadence Design Systems for €2.7 billion, sharpening focus on core measurement and software
Emphasis on recurring SaaS revenues and emerging smart industrial markets, with structural changes expected to improve capital allocation and earnings multiples
Products used across diverse industries: manufacturing, engineering, infrastructure, mining, agriculture, energy, and autonomous mobility applications
Named Competitors
Dassault Systèmes — CAD/CAM/CAE design and manufacturing software
Autodesk — Design and engineering software solutions
Esri — GIS and geospatial intelligence software
Siemens PLM — Digital manufacturing and IoT solutions
Recent Developments
(February 2026) Red Bull Ford Powertrains adopts Hexagon technology for F1 powertrain performance
(January 2026) Anders Svensson assumes role of President and CEO
(September 2025) Cadence Design Systems acquires Hexagon's Design & Engineering business for €2.7 billion