Material Fact – Acquisition of Único
-serif”>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 Único Sistemas e Consultoria S.A. (“Único“), through the signing, on April 3, 2018, of a Purchase and Sale of Shares Agreement by Linx Sistemas e Consultoria Ltda. (“Linx“), a subsidiary of the Company, for 100% of Único.
The activities of the acquired company include multi-channel promotions and loyalty management solutions which are fully-based on the cloud and reinforce the Company’s engagement and CRM offerings. Único estimated gross sales for 2018 are BRL7.0 million.
For the acquisition, Linx will pay BRL16.0 million in one installment. Additionally, subject to the achievement of financial and operating targets, Linx could pay up to BRL9.0 million between the years of 2018 and 2020.
This acquisition is aligned with the Company’s strategic objectives and is an important step to strengthen the cross selling strategy. In this case, the rational is to increase the portfolio of solutions connected to the engagement and CRM offerings which represent an important growth opportunity for the Company.
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).
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