Nexera subsidiary Fort Technology plans to acquire 50.1% of Logia USA and fund fuel maintenance automation in the $300 billion data center market with a $2 million credit facility plus a $5 million option. Milestone triggers could adjust stakes to 85% for Logia founder and 15% for Fort Technology over three years.
Fort Technology, Nexera’s majority-owned subsidiary, entered a non-binding letter of intent to acquire a 50.1% stake in Logia USA. The agreement includes a $2 million initial credit facility with an optional $5 million extension and performance-based equity compensation that could rebalance ownership to 85% for Logia USA’s founder and 15% for Fort Technology over three years.
Logia USA’s automated fuel maintenance and integrity systems address accelerated fuel degradation risks in standby power generators, a critical component of data center resilience. With the global data center market projected at $300 billion in 2026 and rising to $700 billion by 2034, continuous monitoring and filtration of ultra-low sulfur fuels can mitigate failure risks and support uptime in high-value facilities.
The proposed transaction remains subject to final due diligence, negotiation of definitive agreements, approval by the TSX Venture Exchange, and satisfaction of customary closing conditions. There is no guarantee a binding agreement will be executed or that the collaboration will proceed beyond the letter of intent phase.
