Hexagon Purus ASA has agreed to sell its aerospace business, Hexagon Masterworks Inc., to Space Exploration Technologies Corp. (SpaceX) for an enterprise value of approximately USD 15 million. The deal includes a cash payment of USD 12.5 million at closing and a potential earn-out of USD 2.5 million, subject to customary conditions. Hexagon Masterworks Inc. supplies high-pressure composite storage cylinders for aerospace and space launch applications in North America. The hydrogen business is not included in the transaction, with existing hydrogen customer contracts set to be transferred to other parts of Hexagon Purus prior to closing. The divestment is intended to strengthen Hexagon Purus’ financial position and allow the company to focus on its core strategic priorities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hexagon Purus ASA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001163264-en) on February 05, 2026, and is solely responsible for the information contained therein.