São Paulo, September 4, 2020, Linx S.A. (“Linx” or “Company”) (B3: LINX3 | NYSE: LINX), in compliance with the provisions of Article 157, § 4, of Law 6,404, as amended and in force, and CVM Instruction 358, as amended, announces the acquisition the totality of CR Sistemas Ltda. (“Humanus”), by entering today into the Purchase and Sale Agreement between the sellers and Linx Sistemas e Consultoria Ltda. (“Linx”), wholly owned subsidiary of Linx S.A.

Founded in 1998, Humanus provides payroll management and HCM software to midsize companies in different industries. Its cloud-based solutions serve 1,300 companies in Brazil, with expected gross sales of BRL 10.4 million in 2020.

For the acquisition, Linx will pay a total of BRL 13.6 million in fixed installments and, subject to the achievement of financial and operational goals for the years between 2021 and 2023, will pay the amount of up to BRL 2.4 million. Additionally, Linx will retain the amount of BRL 3.0 million subject to the absence of contingencies, setting the total transaction amount to BRL 19 million.

This is another step by Linx to strengthen the back-office solutions of its end-to-end platform considering the high labor intensity in retail and the greater demand for people management tools. The transaction also reinforces the possibility of accelerating the penetration of Linx’s Digital Account and future credit offers.

The acquisition was approved by the Company’s Board of Directors on the date of the signing of the Agreement, pursuant to article 23, item (xxvii) of the Company’s Bylaws, and the assumptions provided for in article 256 of the Brazilian Corporation Law were not verified.


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Investor Relations
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ir@linx.com.br


Website: ri.linx.com.br