# Hexagon spins off Octave, and ETQ Reliance becomes Octave Reliance

Source: https://bestqmssoftware.com/news/octave-spin-off-etq-reliance/
By Tom Muller, updated October 5, 2026


Hexagon AB completed the spin-off of Octave Intelligence plc on 22 May 2026. It distributed Octave shares to its own shareholders, one Octave share for every ten Hexagon shares.[^8k] Octave listed on Nasdaq Stockholm on 25 May and on Nasdaq New York, under the ticker OCTV, on 28 May 2026.[^listing]

Hexagon bought ETQ in 2022 and ran it in its Manufacturing Intelligence division.[^hexagon-close] In June 2025 it announced that ETQ would move into Octave.[^geoweek] Octave is formed from Hexagon's Asset Lifecycle Intelligence and Safety, Infrastructure & Geospatial businesses, plus Bricsys, ETQ and Projectmates.[^llms] Its registered office is in Dublin.[^privacy]

## What changed for buyers

The product is now sold as Octave Reliance, and the product pages say "Formerly ETQ Reliance."[^reliance] Octave calls it "the updated, rebranded version of ETQ Reliance".[^reliance] It says the new names "do not impact product functionality, contracts or entitlements."[^naming] Our [ETQ Reliance review](/reviews/etq-reliance/) treats it as the same software under a new, listed owner, and notes that Octave still publishes no prices.

[^8k]: [Octave Intelligence plc: Form 8-K on completion of the spin-off](https://www.sec.gov/Archives/edgar/data/2083632/000162828026037912/octaveintelligenceplcclosi.htm). SEC filing, 26 May 2026, checked 1 Oct 2026.
[^listing]: [GlobeNewswire via Macau Business: Octave Intelligence plc listed on Nasdaq New York](https://macaubusiness.com/octave-intelligence-plc-listed-on-nasdaq-new-york/). Company press release, 28 May 2026, checked 30 Sep 2026.
[^hexagon-close]: [CIMdata: Hexagon completes the acquisition of ETQ](https://www.cimdata.com/en/industry-summary-articles/item/18229-hexagon-completes-the-acquisition-of-etq). Hexagon press release (republished), 1 Apr 2022, checked 1 Oct 2026.
[^geoweek]: [Geo Week News: Hexagon spin-off to be called Octave](https://www.geoweeknews.com/articles/hexagon-spin-off-to-be-called-octave/). Trade press, June 2025, checked 30 Sep 2026.
[^llms]: [Octave: llms.txt](https://www.octave.com/llms.txt). Vendor website, checked 30 Sep 2026.
[^privacy]: [Octave: Privacy notice](https://www.octave.com/legal/privacy). Vendor legal page, checked 30 Sep 2026.
[^reliance]: [Octave: Octave Reliance](https://www.octave.com/products/asset-performance-management/reliance). Vendor website, checked 30 Sep 2026.
[^naming]: [Octave: Product naming](https://www.octave.com/legal/product-naming). Vendor legal page, checked 30 Sep 2026.