MONTRÉAL, May 19, 2023 /CNW/ - LOGISTEC Corporation (TSX: LGT.A) (TSX: LGT.B) ("LOGISTEC" or the "Corporation") today made the following announcement.

LOGISTEC's principal shareholder, Sumanic Investments Inc. ("Sumanic"), has informed the board of directors of the Corporation of its interest in considering the sale of all or part of its shares in the Corporation and desire for the Corporation to initiate a process to pursue a strategic transaction in the best interest of all stakeholders, in order to maximize shareholder value.