NEXR▲
Nexera's Fort Technology Completes Logia USA Acquisition
Nexera Technologies announced that its majority-owned subsidiary, Fort Technology Inc., has completed the acquisition of a 50.1% stake in Logia USA Inc., a company specializing in fuel integrity solutions for data centers and mission-critical facilities in the United States. The deal, part of Nexera's expansion into the homeland security sector, involved Fort issuing 132,603 new common shares valued at approximately US$125,000 to Logia USA's founder, who retains the remaining 49.9%. Fort also provided Logia USA with an unsecured US$2.0 million credit facility, bearing 6% annual interest, to support its U.S. market entry and growth. The global data center market is projected to grow from about US$300 billion in 2026 to roughly US$700 billion by 2034, driving demand for such solutions. The transaction includes an equity rebalancing mechanism that could reduce Fort's ownership upon achieving certain sales and profitability thresholds.