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Announced

Completed

B3 completed the acquisition of Neurotech for $120m.

Financials

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Transaction Value£104m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Brazil

Computer Hardware

Completed

artificial intelligence solutions

machine learning technology

Acquisition

Domestic

Majority

Private

Friendly

Single Bidder

Synopsis

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B3, a Brazilian stock exchange, completed the acquisition of Neurotech, a technology company specializing in the creation of systems and solutions for artificial intelligence, machine learning and big data, for $120m. “Our objective is to complement our offer of data products and analytical solutions for the market, in the credit, risk and insurance verticals. The acquisition of Neurotech leverages the growth potential of the data and analytics business and strengthens our diversification strategy, contributing to growth beyond the Exchange's core business,” Gilson Finkelsztain, B3 CEO.

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