# Logiq acquires EVIMATE for $5 million

Logiq, Inc. announces a definitive agreement to acquire EVIMATE, a medical device innovator, for $5 million in a share exchange. EVIMATE will become a wholly owned subsidiary of Logiq.

- Type: Acquisition
- Announced: 2024-10-08
- Where: New York, NY, United States
- Value: $5.00M
- Status: announced
- Products: vital sign monitoring devices, AI-powered health monitoring
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Logiq](https://endata.com/companies/80301.md) (acquirer)
- [EVIMATE](https://endata.com/companies/80302.md) (target)

## Sources

- [nasdaq.com](https://www.nasdaq.com/press-release/logiq-inc-acquires-evimate-heralding-new-era-medical-device-innovation-2024-10-08), 2024-10-08: "This acquisition, valued at $5 million, marks a significant milestone as Logiq diversifies into the medical device sector."

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