MATERIAL FACT – Acquisition of Intercamp Sistemas
São Paulo, November 07, 2016 – LINX S.A. (BM&FBovespa: LINX3), leading provider of retail management software in Brazil, today announced the acquisition of Intercamp, through the signing a Purchase and Sale of Shares Agreement by Linx Sistemas e Consultoria Ltda. (“Linx”), a subsidiary of the Company, for 100% of the shares of Intercamp Sistemas e Comércio de Informática S/A, whose activities include the development and commercialization of software for gas stations and convenience stores. In 2016, the estimated gross revenue of Intercamp is R$17 million.
For the acquisition, Linx will pay R$28,000,000.00 (twenty eight million reais) in one installment. Additionally, subject to the achievement of financial and operating targets, Linx could pay up to R$14,000,000.00 (fourteen million reais) during 2017 and 2018.
The acquisition is aligned with the Company’s strategic goals of acquiring assets in the technology sector, specifically in this case management software focused in retail. The rational for this acquisition is the reinforcement of the gas stations and convenience stores vertical, in which we already have an important leadership. We remind you that this vertical continue to record an above-average growth and, therefore, has helped Linx to maintain its performance, even in a challenging environment.
The acquisition was approved by the Company‘s Board of Directors on the date of signing the Contract, in accordance with Article 23, item (xxvii) of the Company‘s Bylaws, not being verified the situations covered by in Article 256 of the Law of Corporations (Lei das Sociedades por Ações).
Finance VP and Investor Relations Officer
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