Sinqia (SQIA3) acquires NewCon

We communicate that our subsidiary Sinqia Tecnologia Ltda. signed on this date, an agreement to acquire 100% of the capital of Newcon Software S.A. and Newcon Tecnologia e Serviços Ltda (“NewCon”)

About the Business

NewCon is one of the leading providers of technology for the financial system in Brazil, a specialist in software used by more than 80 consortium managers linked to major financial conglomerates and car manufacturers, as well as independent ones. Its team consists of more than 190 employees with huge business experience. The company recorded gross revenue of R$76 million (17.6% CAGR¹) and EBITDA of R$40 million (margin of 55.8%) in the twelve months ended on September 30, 2021.

About the transaction

The acquisition price will be up to R$422.5 million, consisting of a cash installment and an installment, to be paid in 5 annual installments. The signing of the Transaction documents was authorized by the Company’s Board of Directors and by the competent bodies of Sinqia Tecnologia, and the closing is expected to take place in January 2022.

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