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Linx, a Brazilian provider of IT solutions for retail business management, has acquired Belo Horizonte-based software firm Spress, the companies said in a statement without disclosing the value of the deal.
Spress focuses on management systems, particularly for automotive dealerships, gas stations and bookstores. Operating since 1970, the company has 200 employees and about 1,900 clients, including Volkswagen, Ford, Cummins, Honda, Yamaha, John Deere and Randon.
As part of Linx's expansion and growth strategy, the acquisition strengthens the company's presence in the retail segment, reaching over 54,000 points of sales, 1,400 employees and 7,000 clients.
This is the company's second acquisition in Minas Gerais. In 2008, Linx bought the software firm for small mining companies, Formata.
To reinforce the company's presence in Minas Gerais, Linx is planning to merge its local unit with Spress, according to Linx director Alberto Menache.
"The region has great potential for the company and, with the incorporation of Spress, becomes our second largest operation outside of São Paulo, which allows us to launch new offers, such as loss prevention consulting, telecommunications and connectivity outsourcing, and logistics solutions for retail," said Nercio Fernandes, Linx's founder and VP of research and development.