Sinqia S.A. (BOVESPA:SQIA3) signed a contract to acquire 51% stake in Rosk Software SA for ZAR 63.9 million on October 22, 2021. The consideration consists of ZAR 19.125 million in cash along with 1.016 million shares. Additionally, the company may acquire the remaining 49% of the capital stock by exercising call options with exercise prices linked to the net revenue and the Ebitda margin of QuiteJá for 2024 and 2025. For the year ending June 30, 2021, Rosk Software reported net income of ZAR 58.85 million and EBITDA of ZAR 15.6 million. The closing is subject to the obligations of usual conditions. The transaction has been approved by the board of directors of Sinqia. The ratification of the transaction will be submitted to General Meeting of Sinqia S.A. to be called in the future.

Sinqia S.A. (BOVESPA:SQIA3) completed the acquisition of 51% stake in Rosk Software SA on October 22, 2021.