Linx acquires LZT and some assets of Ionics
Linx S.A. (BM&FBovespa: LINX3; Bloomberg: LINX3:BZ and Reuters: LINX3.SA), leading provider of retail management software in Brazil, today announced that on November 24, 2013, Linx Sistemas e Consultoria Ltda., a subsidiary of the Company (“Linx Sistemas”) signed a Shares Purchase Agreement for 100% of the shares of LZT Soluções em Informática Ltda – Me. (“LZT”) for up to R$30,480,000.00 (thirty million and four hundred eighty thousand reais), to be paid as follows: R$25,000,000.00 (twenty five million reais) in one single installment and the balance of R$5,480,000.00 (five million and four hundred and eighty thousand reais) subject to achievement of certain financial and operating targets for the years 2014 and 2015. LZT‘s activities include the development and marketing of software for the management and automation of gas stations and convenience stores and the revenues of LZT in 2012 was of R$7.6 million.
The Company also announced that it has signed on the same date an Assets Purchase Agreement between Linx Sistemas and Ionics Informática e Automação Ltda. (“Ionics”), whose activities also include the development and marketing of software for the management and automation of gas stations and convenience stores, for R$12,000,000.00 (twelve million reais), to be paid as follows: R$10,200,000.00 (ten million and two hundred thousand reais) in one single installment and the balance of R$1,800,000.00 (one million eighty hundred thousand reais) in fixed installments until the year of 2018 and the revenues of Ionics in 2012 was of R$5.5 million.
The acquisition of LZT and some assets from Ionics are in line with the Company‘s strategic objectives. In this case the reinforcement of the gas stations and convenience stores vertical.
São Paulo, November 25, 2013.
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