Totvs buys RD Station for $ 315 mm

Totvs reported in a material fact released to the market, that acquired, through its subsidiary Totvs Large Enterprise Technology, 92% of the capital stock of RD Station for R$ 1.86 billion ($315 mm). The amount will be paid at the closing of the transaction and is subject to adjustments. In January, Totvs confirmed that it was interested in acquiring RD Station, which had also drawn the attention of Locaweb at the time.

Source: Money Times