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Linx acquires Rezende and Net4Biz


Linx acquires Rezende and Net4Biz

Sao Paulo, May 19, 2014, today announced that, on May 16, 2014, Linx Sistemas e Consultoria Ltda., a subsidiary of the Company (“Linx Sistemas”) signed a Purchase Agreement for 100% of the shares of Rezende Sistemas Ltda. (“Rezende”) e Net4Biz Web Hosting Ltda – EPP (“Net4Biz”), which activities include the development and commercialization of software for the management and automation of gas stations, convenience stores and food service. The gross revenues of Rezende and Net4Biz in 2013 was R$18 million.

The aforementioned Sale and Purchase Agreement establishes that the execution of this acquisition is subject to the achievement of certain conditions, and, once achieved such conditions, we will make a new statement.

The value of the Acquisition is up to R$49.9 million, to be paid as follows: R$42.0 in one single installment and the remaining balance of R$7,9 million subject to the achievement of certain financial and operating targets for the years 2014 and 2015.

The acquisition of Rezende and Net4Biz are in line with the Company‘s strategic objectives of assets acquisitions of the technology sector, specifically management software companies focused in retail. In this case, the rational is the reinforcement of the gas stations and convenience stores and food service vertical.

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IR CONTACT:

Dennis Herszkowicz
Finance VP and Investor Relations Officer

Alexandre Kelemen 
Investor Relations
+55 11 2103-1575
ir@linx.com.br


Telephone: (+55 11) 2103-1575 E-mail: ir@linx.com.br Website: www.linx.com.br/ir