Sinqia S.A. (BOVESPA:SQIA3) signed an agreement to acquire a 60% in Homie do Brasil Informática Ltda. for BRL 38.1 million on march 24, 2021. Under the transaction, Sinqia will pay BRL 23.04 million in cash and BRL 15.36 million by delivering 698,956 shares.

Additionally, Sinqia shall buy the remaining 40% stake in Homie do Brasil Informática Ltda. until July 31, 2025, through a purchase option with strike price linked to gross revenues and EBITDA margin over the fiscal year of 2024. In a related transaction, Sinqia S.A. signed an agreement to acquire Simply Sistemas S.A. and Dendron Tecnologia S.A. for BRL 68 million on March 24, 2021.

Homie do Brasil Informática Ltda. reported revenue of BRL 13 million and EBITDA of BRL 8 million for the year ended December 31, 2020. The transaction will be subject to approval from shareholders of Sinqia at Extraordinary General Meeting and fulfillment of conditions usual in this type of transaction.

Shares issuance was approved by board of directors of Sinqia.