Nexera unit Fort Technology agrees to buy 50.1% stake in Logia USA for US$125,000 in shares
NEXR•Closing timeline and conditions
Closing is targeted around Oct. 1, 2026, subject to customary conditions, including TSX Venture Exchange approval.
License agreement and financing plan
Logia USA will sign an exclusive U.S. license with Logia Israel for automated fuel maintenance and integrity systems.
Fort will extend a credit facility of up to USD 2 million to fund U.S. market entry and growth.
Fort Technology to buy majority stake in Logia USA
Fort Technology, majority-owned by Nexera Technologies, agreed to buy 50.1% of Logia USA, a fuel integrity solutions provider for U.S. data centers.
The consideration is Fort common shares valued at about USD 125,000.
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