Totvs : Bematech International Corporation (BIC) Sell - Notice to the…
July 02, 2019 at 10:38 pm EDT
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TOTVS S.A.
Publicly Held Company
Corporate Taxpayer ID (CNPJ) No. 53.113.791/0001-22
Company Registry (NIRE) 35.300.153.171
NOTICE TO THE MARKET
TOTVS S.A. (B3: TOTS3; "TOTVS"; or "Companhia") hereby informs that, on the date hereof, the Company, together with its affiliate Bematech S.A. ("BEMATECH"), entered into the Stock Purchase Agreement ("SPA"), for the sale, to Reason Capital Group LLC., of the totality of the interest held by BEMATECH in Bematech International Corporation ("BIC"), for the amount of USD 5,000,000.00 (five million US Dollars), subject to certain adjustments, according to the terms of the SPA.
BIC is an entity headquartered in the United States, specialized in hardware solutions for the commercial automation in the United States and in Latin America.
The closing of the transaction is subject to certain conditions precedent, in accordance with the SPA.
The sale of BIC, together with the sale of the Brazilian hardware operations by the Company, as per the Material Fact published on May 8, 2019, is in alignment with TOTVS strategic plan to focus the attention of its teams and resources in the software operations.
TOTVS SA published this content on 02 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 July 2019 02:37:01 UTC
Totvs SA is a Brazil-based company engaged in the information technology (IT) sector. The Company focuses on developing integrated management software solutions, collaboration and productivity platforms, as well as on consulting services. The Company mainly provides enterprise resource planning (ERP) applications, which electronically integrate the strategic and operational levels of a user company. It offers ERP software in various areas, such as administration, education, finance, industrial, human resources, customer service and logistics. The Company operates in Brazil, Argentina, Colombia, Mexico, Portugal and the United States, among others. It controls a number of subsidiaries, including Solucoes em Software e Servicos TTS Ltda, Datasul Argentina SA and Neolog Consultoria e Sistemas SA.
TOTVS S.A. 
