São Paulo, April 02, 2019 – LINX S.A. (B3: LINX3), pursuant to the paragraph 4 of article 157 of Law 6404, of December 15, 1976, as amended and in force (“Brazilian Corporate Law”), and the Normative Regulation 358, of January 03, 2002, as amended,
hereby informs the market and Shareholders the acquisition of Hiper Software S.A. (“Hiper”), through the signing, on April 02, 2019, of a Purchase and Sale of Shares Agreement by Linx Sistemas e Consultoria Ltda. (“Linx”), a subsidiary of the Company and the owners of Hiper.
Founded in 2012, Hiper is a software house focused on SaaS solutions for micro and small retailers with more than 15,000 active customers in 2,000 municipalities and more than 600 distribution channels. Hiper’s estimated gross sales for 2019 are BRL 13.0 million.
For the acquisition, Linx will pay a total of BRL 17.7 million in one installment. Additionally, subject to the achievement of financial and operational targets, mainly related to the penetration of TEF and Linx Pay solutions in its customer base, among others, Linx could pay up to BRL 32.3 million between the years of 2019 and 2021.
This acquisition is an additional movement of Linx on its strategy to increase the penetration of TEF and Linx Pay, which represents an important growth opportunity for the Company. In this case, the rational is to increase even more Linx Pay Hub’s addressable market with a differentiated value proposition by combining payment solutions with cloud management software for micro and small retailers, offered by channels with high distribution capacity.
The acquisition was approved by the Company´s Board of Directors on the date of the Contract signing, pursuant to article 23, item (xxvii) of the Company’s Bylaws, with approval Shareholders´ Meeting being waived, since this acquisition is not covered by the article 256 of the Brazilian Corporate Law (Lei das Sociedades por Ações).