Nice S.p.A. (BIT:NICE) agreed to acquire Linear Equipamentos e Serviços Ltda for BRL 35 million on December 29, 2017. Under the terms of the agreement, there is an expected earn-out agreement based on the turnover, which Linear Equipamentos will generate in 2018. The acquisition will be financed by the group’s own resources and credit lines already available to the group. In 2016, Linear Equipamentos had an annual turnover of around BRL 30 million. The deal is expected to close at the beginning of January 2018. Nice S.p.A. (BIT:NICE) completed the acquisition of Linear Equipamentos e Serviços Ltda on January 2, 2018.