Set up alerts and follow the markets on DN Investor.Here you can search for content from Dagens Næringsliv.The stock exchange information is provided by OMS.Company and role search is provided by Proff ®See all industries on Proff.no1 min Published: 25.05.22 - 07.15 Updated: 2 days agoIt was at the very end of January this year that the listed Hexagon Purus was nominated for a huge agreement that could give the company a turnover of many billions of kroner.On the same day, the share flew up more than 30 percent.Now the agreement has fallen into place.The nomination in January came from an unnamed customer and included the delivery of battery packs for mass production of electric heavy transport vehicles.The total sales volumes in the period 2024–2027 were estimated to generate a turnover of 800 million dollars, corresponding to around 7.7 billion kroner.In addition, there were options in the pot for two extra years, which could increase volumes to ten billion kroner.Opposite E24, top manager Morten Holum described it as a huge agreement.He said the nomination meant that they had come a long way in the process and that much had already been clarified.On Wednesday night, Hexagon Purus wrote in a stock exchange announcement that the customer has now withdrawn the nomination.The company emphasizes that it is not related to Hexagon Purus' products or technological qualifications.- My "take" on this is that it is unfortunate for us, but not harmful.We have an active market where there is structural undercapacity in the industry.Demand is much higher than supply, and we have an active pipeline where we constantly have to say no to opportunities, says Hexagon Purus CEO Morten Holum to TDN Direkt on Wednesday.At the stock exchange opening on Wednesday, the share immediately fell more than 20 percent, but recovered significantly throughout the day.The fall eventually ended at just over ten percent.So far this year, Hexagon Purus has risen almost 40 percent on the Oslo Stock Exchange marketplace Euronext Growth.The company is valued at NOK 8.1 billion.At the end of 2020, Hexagon Purus was separated from the listed Hexagon Composite, and listed as a separate company on Euronext Growth.The company supplies hydrogen tanks for the transport sector, as well as battery packs and system integration for hydrogen and battery electric vehicles.The company has almost continuously announced new agreements and partnerships.Shortly after the now canceled billion nomination was first announced, the company was out with another giant deal.In February this year, a letter of intent was announced with the truck manufacturer Hino Motors Manufacturing for the delivery of battery packs.The total sales value was estimated at one billion dollars, corresponding to around 9.6 billion kroner today.The stock jumped around 35 percent the same day.Hexagon Purus has in two rounds raised fresh money in the market.First, NOK 750 million was raised in connection with the stock exchange listing in December 2020 and then NOK 600 million in February this year.The company had sales of NOK 159 million in the first quarter of this year.That is more than a tripling from the same period last year.Profit before tax ended at minus NOK 119 million. (Terms) Copyright Dagens Næringsliv AS and / or our suppliers.We would like you to share our cases using a link, which leads directly to our pages.Copying or other use of all or part of the content may only take place with written permission or as permitted by law.For further terms see here.Dagens Næringsliv's journalists have no role in the production and publication of this content.The content is produced by DN's commercial department DNX.Editor-in-Chief and CEO: Janne JohannessenEditor news and agenda Anne Skalleberg (acting)Political editor Frithjof JacobsenEditor storytelling and lifestyle Live Fedog ThorsenEditor target group Tinna GudmundsdottirStaff editor Stian Øvrebø JohannessenEditor publishing and visual journalism Bjarne Dramdal Erichsen (acting)Visiting address Christian Krohgs gate 16 0186 OsloDagens Næringsliv works according to the Vær Varsom poster's rules for good press practice.Dagens Næringsliv is part of NHST Media Group.For more information about NHST Media Group click here.