Hexagon acquires ITRES to strengthen airborne mapping capabilities
The acquisition adds hyperspectral and thermal imaging to Hexagon's portfolio, enabling richer multi-sensor geospatial data collection.
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Industrial measurement and spatial intelligence company
hexagon.comLast updated
In short: Hexagon executed a major strategic overhaul, including the €2.7bn sale of its design business and the successful spin-off of its subsidiary Octave.
The acquisition adds hyperspectral and thermal imaging to Hexagon's portfolio, enabling richer multi-sensor geospatial data collection.
Shareholders received Octave shares via distribution; trading on Nasdaq Stockholm and New York.
The prospectus and registration statement are effective, with trading expected to start in May 2026.
The acquisition enhances Octave's AI-enhanced cloud capabilities in physical security, building on a prior partnership. VXG's platform supports video management for various sectors.
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