Here are the analyst’s comments on the latest news.
Hexagon has reconfirmed its prior plan to separate its Asset Lifecycle Intelligence (ALI) division and related businesses through a spin-off. The company also indicated it currently expects that the new separated unit will be listed on a US-based stock exchange. The scope of the spin-off has been expanded to include the entire Safety, Infrastructure & Geospatial (SIG) division, resulting in some 27% of total revenue being separated into the new company.