Mergers & Acquisitions ·
Fort Technology Inc. closed its acquisition of a 50.1% stake in Logia USA Inc., a provider of fuel integrity solutions…
FRTTFort Technology Inc
Fort Technology Inc. closed its acquisition of a 50.1% stake in Logia USA Inc., a provider of fuel integrity solutions for data centers, on August 26, 2026. The transaction involved issuing 132,603 common shares valued at US$125,000 to founder Yair Harel and extending an unsecured US$2.0 million credit facility bearing 6% interest to support Logia USA's U.S. market entry. Concurrently, the company held its annual general and special meeting on August 28, 2026, where shareholders approved the election of five directors, the appointment of Brightman Almagor Zohar & Co. as auditors, and authorized a share consolidation with a ratio up to 250-to-1 to be determined by the Board. Fort Technology Inc. operates in the retail consumer products sector, primarily selling pest control and remedial repair goods online.