PEXA Group exits Value Australia via sale agreement

• PEXA Group has executed a sale agreement to divest its artificial intelligence property evaluation tool, Value Australia, to an unlisted entity.
• Following the announcement, the Pexa Group share price moved to trade at $7.94 on the ASX.
• The transaction aligns with the company's previously stated strategy to exit its digital solutions businesses and concentrate on core operations.

PEXA Group (ASX:PXA) advised the market that it has entered into a sale agreement for the divestment of its majority-owned artificial intelligence property evaluation tool, Value Australia, to an unlisted entity.

The divestment follows previous plans announced by the company to exit its digital solutions operations and streamline its business portfolio.

The company stated that completion of the sale agreement is subject to the satisfaction of conditions precedent and relevant completion steps.

Management outlined that completion of the transaction is targeted to occur before the end of 2026.

The strategic sale forms part of a broader corporate realignment designed to sharpen focus on primary digital conveyancing platforms.

Following the announcement, the Pexa Group share price was up at $7.94.

PEXA Group operates digital property settlement platforms across Australia and has expanded its services into international markets, including the United Kingdom.