São Paulo, February 3, 2020 – LINX S.A. (B3: LINX3; NYSE: LINX) in compliance with the provisions of Article 157, Paragraph 4 of Law no. 6,404, of December 15, 1976, as amended and in effect (“Brazilian Corporate Law”), and CVM Instruction no. 358, of January 3, 2002, as amended, hereby announces the acquisition of the totality of RRA Ferreira ME (“Neemo”), through the execution, today, of the Purchase and Sale Agreement between Linx Sistemas e Consultoria Ltda. (“Linx”), a wholly-owned subsidiary of the Company, and the holder of the entire Neemo.

Established in 2010, Neemo is one of the pioneers in customized delivery solutions through the integration of the establishment’s delivery application and its e-commerce platform, offering consumers an omnichannel experience. In addition, it enables restaurants and their consumers to pick-up orders at the store, place orders at the table using QR codes and by messaging services, such as Facebook Messenger. Neemo’s gross revenue expected for 2020 is BRL 7.7 million.

For the acquisition, Linx will pay a total of BRL 17.6 million in cash and, additionally, subject to the achievement of financial and operational goals for the years between 2021 to 2023, it will pay the amount of up to BRL 4.8 million.

The acquisition of Neemo is yet another step by Linx to reinforce its cross-selling strategy, which represents a major growth opportunity for the Company. In this case, the rationale is to reinforce the food service vertical with its own delivery management solution and offer products related to financial services (Linx Pay Hub) to approximately 2,000 Neemo customers.

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.

 


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