EVERTEC, Inc. announced it has entered into a definitive agreement to acquire a controlling stake in Tecnobank Tecnologia Bancária S.A., a leading fintech vendor in Brazil. Tecnobank specializes in the digital vehicle financing contract registration sector.
The transaction is valued at R$787 million, which is approximately $150 million. This acquisition will be executed through EVERTEC's wholly-owned subsidiary, Evertec Brasil Informática S.A.
This strategic move further expands EVERTEC's footprint and diversifies its offerings within the key Brazilian market. The acquisition aligns with the company's broader strategy to grow its presence and capabilities across Latin America.
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