São Paulo, November 13, 2020, Linx S.A. (“Linx” or “Company”) (B3: LINX3 | NYSE: LINX), in compliance with the provisions of Article 157, §4, of Law 6,404, as amended and in force, and CVM Instruction 358, as amended, announces the acquisition of Mercadapp Soluções em Software Ltda. (“Mercadapp”), by entering into the Purchase and Sale Agreement today between the sellers and Linx Sistemas e Consultoria Ltda. (“Linx”), wholly owned subsidiary of Linx S.A.
Founded in 2015, Mercadapp provides a white label platform for online sales solutions for small and medium-sized supermarkets in 17 Brazilian states, in addition to the Federal District. Its web platform and delivery solutions are cloud-based, serving approximately 170 stores in Brazil and its business model is based on recurring revenue (SaaS), combined with a transaction charge. Mercadapp’s gross revenue forecast for 2021 is BRL 4.1 million.
For the acquisition, Linx will pay a total of BRL 7.0 million in fixed installments and, subject to the achievement of financial and operational goals for the years between 2020 and 2022, it will pay the amount of up to BRL 2.5 million. In addition, Linx will retain the amount of BRL 1.0 million subject to the absence of contingencies, setting the total transaction amount to BRL 10.5 million.
This is another step by Linx to strengthen platform and app delivery solutions, now also including supermarkets, a great growth opportunity for the Company. In this case, the rationale is to reinforce the cross-sell strategy with the end-to-end platform already offered by Linx, encompassing different opportunities in Linx Core, Linx Digital and Linx Pay.
The acquisition was approved by the Company’s Board of Directors on the date of the signing of the Agreement, pursuant to article 23, item (xxvii) of the Company’s Bylaws, with the assumptions provided for in article 256 of the Brazilian Corporate Law not being verified.
+55 11 2103-1531