Evertec Announces Sinqia Stockholder Approval of Merger Transaction
September 14 2023 - 11:13AM
Business Wire
EVERTEC, Inc. (NYSE: EVTC) (“Evertec”, the “Company”, “we” or
“our”) today announced that the transaction by which Evertec will
acquire Sinqia (B3: SQIA3) (“Sinqia”), a leading player in the
market of software for financial services in Brazil, received
shareholder approval in the Sinqia Shareholders’ meeting held
today. Evertec entered into a definitive agreement to acquire
Sinqia on July 20, 2023. The Company continues to work diligently
to close this transaction in the fourth quarter of 2023.
About Evertec
EVERTEC, Inc. (NYSE: EVTC) is a leading full-service transaction
processing business in Puerto Rico, the Caribbean and Latin
America, providing a broad range of merchant acquiring, payment
services and business process management services. Evertec owns and
operates the ATH® network, one of the leading personal
identification number (“PIN”) debit networks in Latin America. In
addition, the Company processes over six billion transactions
annually and manages a system of electronic payment networks in
Puerto Rico and Latin America and offers a comprehensive suite of
services for core banking, cash processing, and fulfillment in
Puerto Rico. Additionally, the Company offers technology
outsourcing and payment transactions fraud monitoring to all the
regions it serves. Based in Puerto Rico, the Company operates in 26
Latin American countries and serves a diversified customer base of
leading financial institutions, merchants, corporations and
government agencies with “mission-critical” technology solutions.
For more information, visit www.evertecinc.com.
Forward-Looking Statements
Certain statements in this earnings release constitute
“forward-looking statements” within the meaning of, and subject to
the protection of, the Private Securities Litigation Reform Act of
1995. We intend such forward-looking statements to be covered by
the safe harbor provisions for forward-looking statements contained
in Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. All
statements contained in this press release other than statements of
historical facts, including, without limitation, statements
regarding the closing of Sinqia transaction and the timing thereof,
are forward looking statements. Words such as “believes,”
“expects,” “anticipates,” “intends,” “projects,” “estimates,” and
“plans” and similar expressions of future or conditional verbs such
as “will,” “should,” “would,” “may,” and “could” are generally
forward-looking in nature and not historical facts.
Various factors that could cause actual future results and other
future events to differ materially from those estimated by
management include, but are not limited to, failure to satisfy one
or more conditions to closing of the transaction with Sinqia, the
inability to integrate Sinqia successfully into the Company or to
achieve expected revenue and cost synergies, the loss of personnel
or customers in connection with the transaction, any delays in
obtaining regulatory approvals, the cost and other terms of new
debt financing incurred in connection with the Sinqia transaction,
and the other factors set forth under "Part 1, Item 1A. Risk
Factors," in the Company’s Annual Report on Form 10-K for the
fiscal year ended December 31, 2022 filed with the Securities and
Exchange Commission (the "SEC") on February 24, 2023, as any such
factors may be updated from time to time in the Company’s filings
with the SEC. The Company undertakes no obligation to release
publicly any revisions to any forward-looking statements, to report
events or to report the occurrence of unanticipated events unless
it is required to do so by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230914590800/en/
Investor Contact Beatriz Brown-Sáenz (787) 773-5442
IR@evertecinc.com
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