Sage goes for a Brazilian

Accountancy software behemoth Sage Group has acquired a controlling interest in Folhamatic Group, a provider of accounting, tax and payroll and regulatory content software in Brazil.

Accountancy software behemoth Sage Group has acquired a controlling interest in Folhamatic Group, a provider of accounting, tax and payroll and regulatory content software in Brazil.

The UK company is paying £125m for a 75% stake in the company, equating to an enterprise value for 100% of the business, including estimated net debt, of £191m.

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