TECSYS acquires venture-backed Logi-D
TECSYS Inc (TSX: TCS) has bought Logi-D Holding Inc. Under the terms of the previously-announced deal, TECSYS purchased Logi-D's shares for $2.95 million, and $100,000 in common shares of TECSYS. Based in Laval, Québec, Logi-D is a provider of point-of-use technology for supply chain automation servicing healthcare organizations. TECSYS said the acquisition would join two Québec technology companies with complementary product lines, and extend its leadership in healthcare supply chains. Logi-D was backed by Canadian technology investor Telesystem and VCIC, the Canadian investment arm of France's Crédit Mutuel CIC Group.
2 June 2014•2 mins read
