Fort Technology closes acquisition of 50.1% stake in Logia USA
Reuters2026/08/26 11:22- Fort Technology closed its purchase of 50.1% of Logia USA on Aug. 26, 2026.
- Logia USA sells fuel integrity systems for data centers and other mission-critical facilities in the US.
- Fort issued 132,603 common shares valued at USD 125,000 to founder Yair Harel at closing.
- Equity rebalancing could cut Fort’s Logia USA stake to 5% if Logia USA meets specified sales milestones.
- An unsecured USD 2 million credit facility will fund expansion, carrying 6% interest and maturing Aug. 26, 2029.
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