Logiq Inc. acquires medical device firm EVIMATE for $5 million, entering the medical device sector.

Logiq Inc. has announced a $5 million acquisition of medical device firm EVIMATE, marking its entry into the medical device sector. EVIMATE specializes in AI-driven vital sign products that monitor health metrics like temperature and ECG. The deal, expected to close by October 7, 2024, will integrate EVIMATE as a subsidiary and enhance Logiq's market presence as it plans to transition to Nasdaq or NYSE by Q1 2025, aiming for increased investor appeal.

October 08, 2024
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