Neogrid Participações S.A. (BOVESPA:NGRD3) acquired Smarket for BRL 17 million on March 22, 2021. The acquisition price involves the payment of BRL 8.5 million at the closing date of the transaction, and an additional installment after the 360-day period, limited to the same amount, subject to contractual provisions. The operations of Smarket, will be maintained independently. In 2020, Smarket closed the year with 68 customers and a revenue of BRL 0.3 million.
Neogrid Participações S.A. (BOVESPA:NGRD3) completed the acquisition of Smarket on March 22, 2021.