diff --git a/CHANGELOG.md b/CHANGELOG.md
index df2d01dc..8ca3755a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -16,6 +16,8 @@ will consitute of a breaking change warranting a new major release:
 
 # [unreleased]
 
+# [v7.4.0] 2023-11-30
+
 ## Changed
 
 - Rewrote the PLOC Supervisor Handler, which is now based on a new device handler base class.
diff --git a/CMakeLists.txt b/CMakeLists.txt
index a6b5f6e6..b3d0b344 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -10,7 +10,7 @@
 cmake_minimum_required(VERSION 3.13)
 
 set(OBSW_VERSION_MAJOR 7)
-set(OBSW_VERSION_MINOR 3)
+set(OBSW_VERSION_MINOR 4)
 set(OBSW_VERSION_REVISION 0)
 
 # set(CMAKE_VERBOSE TRUE)