TOTVS (TOTS3) reported that its subsidiary TOTVS Large Enterprise Tecnologia S.A. executed and closed, this Friday, October 2, 2026, an agreement to sell all of its 80% stake in the common shares of RJ Participações S.A. to Distribusion Tecnologia do Brasil Ltda, for approximately R$ 39 million, an amount subject to post-closing price adjustments provided for in the agreement. The transaction was carried out at an implied multiple of more than 31 times EV/EBITDA 12M (Enterprise Value / EBITDA for the last 12 months).
According to the company, RJ provides management software solutions for passenger transportation companies and its assets have been classified as held for sale since March 2025. TOTVS states that the decision to sell is part of the strategic plan to increase the focus of its teams and optimize the allocation of resources in market segments where it is economically viable to apply its approach of acting as a Trusted Advisor to clients.
