HRS sells its Champagnier headquarters for €22 to €25 million to strengthen its cash position
The hydrogen infrastructure manufacturer has concluded a preliminary agreement for the sale of its Champagnier (Isère) headquarters to Azur Datacenter, coupled with a long-term lease allowing it to remain on the site. The transaction comes at a time when the group had described its cash position as tight when publishing its annual revenue figures on August 4, 2026.
A sale-leaseback of €22 to €25 million on an industrial site of 14,100 m²
HRS announced on August 10, 2026 the signing of a preliminary sale agreement with Azur Datacenter (Arago Technologie group) covering its Champagnier headquarters, an industrial complex of 14,100 m² comprising offices and a production facility. The transaction is valued between €22 million and €25 million.
It is accompanied by the signing of a long-term lease allowing HRS to continue its activities on the site. Azur Datacenter plans to move in by the end of 2026 and projects investing approximately €360 million as well as creating around 100 local jobs in the future.
Completion subject to conditions precedent
The transaction must be completed by the end of 2026 at the latest, subject to the satisfaction of conditions precedent: obtaining a building permit and procedures to be conducted by Grenoble Alpes Métropole under ICPE regulations. According to HRS, the transaction does not include any condition precedent related to financing.
The group indicates that this sale would strengthen its cash position and serve to accelerate the development of two growth drivers beyond hydrogen refueling stations: filling centers (hydrogen compression, storage and transfer) and Secure Power Units, designed to generate electricity from hydrogen for data centers and critical infrastructure.
Industrial partnership under negotiation
The signing is accompanied by advanced discussions with Azur Datacenter regarding an industrial partnership aimed at developing next-generation data center solutions that are more energy-efficient. HRS would contribute its expertise in industrial piping, hydrogen energy systems, electricity generation from hydrogen and operation and maintenance services.
The two companies also plan an extension into metal fabrication and steel structures activities. This partnership remains at the negotiation stage and is not yet concluded.
