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July 1 2025

KippsDeSanto & Co. advises Hexagon on the sale of certain business assets

KippsDeSanto & Co. is pleased to announce that it has advised on the sale of certain business assets of Hexagon (“the Company”) within its Safety, Infrastructure & Geospatial (“SIG”) division. These divestments will allow Hexagon’s SIG division to focus on its core software portfolio ahead of the potential spin-off and separation of Octave, a pureplay software and SaaS company comprised of Hexagon’s Asset Lifecycle Intelligence and SIG divisions and related businesses.

Most of the purchase is by Bart & Associates (“B&A”), which has acquired several business assets out of Hexagon US Federal’s Strategic Services and Solutions (“HS3”) Intelligence and Defense portfolio, including Information Technology (“IT”) services supporting the U.S. Federal market, geospatial services, and integrated solutions enabling cyber assurance and situational awareness. The HS3 portfolio is recognized globally for its leadership in geospatial services, mission-focused IT, and integrated solutions enabling cyber assurance and situational awareness. With a strong history of delivering innovative, high-impact capabilities, the HS3 portfolio’s offerings complement and enhance B&A’s strategic vision of providing connected, autonomous, and secure solutions in support of federal missions.

In addition, the Company has exited a smaller reseller business of APIs and related services designed to solve challenges in mapping and geospatial positioning.

We believe the transactions highlight several key trends in the M&A market:

• Ongoing strategic divestiture of non-core assets by larger corporations to sharpen focus on core competencies;

• Strong demand for mission-focused IT, geospatial, enterprise information management and cybersecurity solutions within the federal market; and

• Buyers with industry knowledge and private equity backing continue to deploy capital, particularly for assets with differentiated, tech-enabled solutions, proprietary IP, deep domain expertise, established customer relationships, and embedded presence on mission critical programs of national significance

 

KippsDeSanto & Co. is pleased to announce that it has advised on the sale of certain business assets of Hexagon (“the Company”) within its Safety, Infrastructure & Geospatial (“SIG”) division. These divestments will allow Hexagon’s SIG division to focus on its core software portfolio ahead of the potential spin-off and separation of Octave, a pureplay software and SaaS company comprised of Hexagon’s Asset Lifecycle Intelligence and SIG divisions and related businesses.

Most of the purchase is by Bart & Associates (“B&A”), which has acquired several business assets out of Hexagon US Federal’s Strategic Services and Solutions (“HS3”) Intelligence and Defense portfolio, including Information Technology (“IT”) services supporting the U.S. Federal market, geospatial services, and integrated solutions enabling cyber assurance and situational awareness. The HS3 portfolio is recognized globally for its leadership in geospatial services, mission-focused IT, and integrated solutions enabling cyber assurance and situational awareness. With a strong history of delivering innovative, high-impact capabilities, the HS3 portfolio’s offerings complement and enhance B&A’s strategic vision of providing connected, autonomous, and secure solutions in support of federal missions.

In addition, the Company has exited a smaller reseller business of APIs and related services designed to solve challenges in mapping and geospatial positioning.

We believe the transactions highlight several key trends in the M&A market:

• Ongoing strategic divestiture of non-core assets by larger corporations to sharpen focus on core competencies;

• Strong demand for mission-focused IT, geospatial, enterprise information management and cybersecurity solutions within the federal market; and

• Buyers with industry knowledge and private equity backing continue to deploy capital, particularly for assets with differentiated, tech-enabled solutions, proprietary IP, deep domain expertise, established customer relationships, and embedded presence on mission critical programs of national significance