Fort Technology closes acquisition of 50.1% stake in Logia USA

Reuters2026/08/26 11:22

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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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fort Technology Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608260722PRIMZONEFULLFEED9816409) on August 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Fort Technology closes acquisition of 50.1% stake in Logia USA

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