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Logistec Corp Cl A Mv(LGT-A-T)

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LOGISTEC Completes the Acquisition of Fednav's Terminal Division - Mon Apr 3, 6:00AM CDT

MONTRÉAL, April 3, 2023 /CNW/ - LOGISTEC Stevedoring Inc., a subsidiary of LOGISTEC Corporation (TSX: LGT.A) (TSX: LGT.B), ("LOGISTEC"), a leading North American marine and environmental services provider, announced today that it has completed the previously-announced acquisition of the Canadian and U.S. marine terminal business of Fednav, including Federal Marine Terminals, Inc. and the logistics division, Fednav Direct, for a purchase price of US$105 million, subject to customary adjustments. This transaction adds 11 terminals to LOGISTEC's network, bringing its total to 90 terminals in 60 ports across North America.


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