What's Hot

    What Can You Trust?

    May 7, 2025

    Build a Safer Jobsite with AI and Cameras

    May 7, 2025

    Women in Construction: PPE

    May 6, 2025
    Get your Copy Today
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    Connected WorldConnected World
    • SPM
    • Sustainability
    • Projects
    • Technology
    • Constructech
    • Awards
      • Top Products
      • Profiles
    • Living Lab
    Connected WorldConnected World
    Home»Technology»Hexagon Spins Off Asset Lifecycle Intelligence Division
    Technology

    Hexagon Spins Off Asset Lifecycle Intelligence Division

    No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn WhatsApp Pinterest Email

    Here at Constructech, we have written a number of times about shakeups in the construction-technology space including M&As (mergers and acquisitions), companies closing, companies going bankrupt, partnerships, and more. M&As in particular seem to come in waves, some waves faster and larger than others. Now, we see the next steps one company is taking to spin-off one of its divisions.

    Earlier in March, Hexagon AB announced how it is preparing to spin-off one division. The board of directors, after a comprehensive assessment, has directed management to prepare for the separation of its Asset Lifecycle Intelligence division and related businesses through a Lex Asea distribution—also known as a spin-off—to its shareholders, as previously announced on October 25, 2024.

    The reason is quite simple: Ola Rollén, chairman of the board for Hexagon, says it is convinced a spin-off allows each company to capitalize on their competitive advantages, execute on their increasingly distinct strategies, and leverage greater agility.

    All about NewCo

    NewCo will be a software and SaaS (software-as-a-service) company, and it will offer asset lifecycle intelligence, safety, infrastructure, and geospatial capabilities for a range of industries. With a data-centric strategy, NewCo will help customers plan, operate, and maintain assets more effectively, enabling clearer insights and better incident response.

    The NewCo spin-off will include the remainder of Hexagon’s Safety, Infrastructure & Geospatial division, as opposed to solely the Utilities & Infrastructure business within SIG, as was previously communicated. NewCo will also include the ETQ business, which is currently operating under the Manufacturing Intelligence division, and the Bricsys business, which is currently operating under the Geosystems division.

    NewCo will be led by Mattias Stenberg who is currently president of Hexagon’s Asset Lifecycle Intelligence division. Steven Cost has announced his decision to retire from his current position as president of Safety, Infrastructure & Geospatial at the end of Q1 2025.

    As a standalone company, NewCo will also have increased flexibility to pursue its distinct operating strategy, accelerate a SaaS transition and shift to recurring revenues, and establish a separate currency for future M&A.

    Considering the geographical focus of NewCo’s business, and Intergraph’s heritage as a U.S. public company and the location of its management team, Hexagon expects NewCo to list on a U.S. national securities exchange.

    What’s Next

    The board plans to propose the distribution and listing of NewCo’s shares at a shareholder’s meeting in early 2026. If approved by relevant stakeholders, it is the board’s current expectation that the separation and listing process will be completed in the first half of 2026. Hexagon will provide additional information on the cost of the separation process and other key matters in the future.

    Want to tweet about this article? Use hashtags #construction #IoT #sustainability #AI #5G #cloud #edge #futureofwork #infrastructure 

    5G AI Cloud Construction Edge Future of Work Hexagon AB Infrastructure IoT Laura’s Blog Sustainability
    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email

    Related Posts

    What Can You Trust?

    May 7, 2025

    Build a Safer Jobsite with AI and Cameras

    May 7, 2025

    Women in Construction: PPE

    May 6, 2025

    Success Stories: Customized Sensors for Wildfire Prevention

    May 5, 2025

    The Rise of Prefab

    May 1, 2025

    Manufacturing in an Era of Digital Product Passports

    April 30, 2025
    Add A Comment

    Comments are closed.

    Get Your Copy Today
    2025 ASCE REPORT CARD FOR AMERICA’S INFRASTRUCTURE
    https://youtu.be/HyDCmQg6zPk
    ABOUT US

    Connected World works to expand quality of life and influence a sustainable future through digital transformation, innovation, and create opportunities all around.

    We’re accepting new partnerships and radio guests right now.

    Email Us: info@specialtypub.com

    4611 Hard Scrabble Road
    Suite 109-276
    Columbia, SC  29229

     

    Our Picks
    • What Can You Trust?
    • Build a Safer Jobsite with AI and Cameras
    • Women in Construction: PPE
    Specialty Publishing Media

    Questions? Please contact us at info@connectedworld.com

    Press Room

    Privacy Policy

    Media Kit – Connected World/Peggy Smedley Show

    Media Kit – Constructech

    Facebook Twitter Instagram YouTube LinkedIn
    © 2025 Connected World.

    Type above and press Enter to search. Press Esc to cancel.