R$ 6 billion transaction

Stone, fintech specializing in solutions for small and medium entrepreneurs, announces an agreement for the acquisition of Linx, a retail management software company. Linx's base includes 70,000 customers and 100,000 points of sale, which generate annually about R$ 300 billion GMV (gross volume of goods).
According to market information, the transaction will move R$ 6.045 billion. The purchase is conditional on the approval of the shareholders of the two companies and the competent regulatory bodies, such as Sec and Cade (Administrative Council of Economic Defense). According to Stone, the combination of solutions accelerates its strategy of digitizing Brazilian retail.
Following regulatory approvals, a new business front will be created from Linx's integration into Stone's current software investment portfolio. An advisory board led by Alberto Menache, CEO of Linx, will also be formed to assist in the strategic definitions of the business.