TECSYS Acquires Logi-D
June 2, 2014
TECSYS Inc. has signed an agreement to acquire all shares of Logi-D Holding Inc., a Laval, Quebec–based provider of point-of-use technology for hospital supply chain automation, for $2,950,000 in cash plus $100,000 in TECSYS common shares. The deal, expected to close May 31, 2014 subject to customary conditions and TSX approval, will combine complementary product lines to expand TECSYS's healthcare supply chain offerings; Logi-D reported FY2013 revenue of $5.57M and about 27 employees.
- Buyers
- TECSYS Inc.
- Targets
- Logi-D Holding Inc.
- Sellers
- Logi-D Holding Inc. shareholders
- Industry
- Software
- Location
- Quebec, Canada
- Transaction Type
- Buyout
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