# Movement Industries completes acquisition of SGX Industrial LLC flow control assets

Movement Industries Corp. completed its acquisition of SGX Industrial LLC, gaining IoT monitoring technology, flow control patents and about $300,000 of inventory. The purchase price is Series B preferred shares plus assumption of a $300,000 promissory note.

- Type: Acquisition
- Announced: 2019-12-05
- Where: Houston, Texas, United States
- Value: $300K
- Status: completed
- Products: flow control products, valves, pumps, actuators, IoT monitoring system
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Movement Industries Corp.](https://endata.com/companies/5864.md) (acquirer)
- [SGX Industrial LLC](https://endata.com/companies/5865.md) (target)

## Sources

- [otcmarkets.com](https://www.otcmarkets.com/stock/MVNT/news/Movement-Industries-Corp-OTC-MVNT-Completes-Acquisition-of-SGX-Industrial-LLC?id=248562), 2019-12-05: "Movement has acquired SGX's IoT chip design, its cloud-based monitoring system that remotely monitors and controls the flow of various media (oil, gas, chemicals), several patents for flow control products"
- [newmediawire.com](https://www.newmediawire.com/news/movement-industries-corp-otc-mvnt-completes-acquisition-of-sgx-industrial-llc-4867960), 2019-12-05: "With the closing of the acquisition, Movement has acquired SGX's IoT chip design, its cloud-based monitoring system that remotely monitors and controls the flow of various media."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.