v3.26.1
Business Acquisitions
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Acquisitions Business Acquisitions
Tecnobank Tecnologia Bancária S.A. (“Tecnobank”)

On October 1, 2025, Evertec Brasil Informática S.A. (“Evertec BR”), a wholly-owned subsidiary of EVERTEC, Inc., completed the purchase of 75% of the share capital of Tecnobank Tecnologia Bancária S.A. (“Tecnobank”). Tecnobank is a fintech vendor in Brazil’s digital vehicle financing contract registration sector. The aggregate purchase price for the shares was BRL$791 million or approximately USD$150 million. This transaction enhances the Company's existing product offerings in the region.

The Company accounted for this transaction as a business combination, which generally requires that we recognize the assets acquired and liabilities assumed at fair value as of the acquisition date. In accordance with ASC 805-10-25-15, the Company is allowed a period, not to exceed 12 months from the acquisition date, to adjust the provisional amounts recognized for a business combination. The preliminary estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed, including a reconciliation to the total purchase consideration, were as follows:
Assets/Liabilities (at fair value)
( In thousands)
Cash and cash equivalents$4,784 
Accounts receivable, net2,571 
Prepaid expenses and other assets7,604 
Property and equipment, net298 
Long-term deferred tax asset5,510 
Other intangible assets, net126,875 
Other long-term assets118 
Accounts payable(469)
Accrued liabilities(3,829)
Income tax payable(8,617)
Contract liability(64)
Deferred tax liability(43,137)
Other long-term liabilities(14,730)
Total identifiable net assets 76,914 
Redeemable noncontrolling interests(53,569)
Goodwill125,477 
Total purchase consideration$148,822 

The following table details the major groups of intangible assets acquired and the weighted average amortization period for these assets:

AmountWeighted-average life
(Dollar amounts in thousands)
Customer relationships$26,315 15
Trademark6,579 10
Software packages93,981 10
Total$126,875 11

Goodwill in connection with the Tecnobank acquisition is attributable to the Latin America Payments and Solutions segment, refer to Note 5- Goodwill and Other Intangible Assets for further details. None of the goodwill is deductible for income tax purposes.

Dimensa S.A. (“Dimensa”)

On April 30, 2026, Evertec Brasil Informática S.A. (“Evertec BR”), a wholly-owned subsidiary of EVERTEC, Inc., completed the purchase of 100% of the outstanding common shares of Dimensa S.A. (“Dimensa”). Dimensa is a business-to-business technology provider serving financial institutions in Brazil. The aggregate purchase price for the shares was BRL$994 million or approximately USD$199 million. This transaction enhances the Company's existing product offerings in the region.

The Company accounted for this transaction as a business combination, which generally requires that we recognize the assets acquired and liabilities assumed at fair value as of the acquisition date. In accordance with ASC 805-10-25-15, the Company is allowed a period, not to exceed 12 months from the acquisition date, to adjust the provisional amounts recognized for a business combination. The preliminary estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed, including a reconciliation to the total purchase consideration, were as follows:
Assets/Liabilities (at fair value)
( In thousands)
Cash and cash equivalents$18,356 
Restricted cash1,203 
Accounts receivable, net6,589 
Prepaid expenses and other assets6,262 
Property and equipment, net1,132 
Long-term deferred tax asset7,715 
Other intangible assets, net69,747 
Other long-term assets8,457 
Accounts payable, including deferred consideration(11,187)
Accrued liabilities(13,977)
Contract liability(2,414)
Deferred tax liability(23,444)
Other long-term liabilities, including deferred consideration(20,981)
Total identifiable net assets 47,458 
Goodwill151,859 
Total purchase consideration$199,317 

The following table details the major groups of intangible assets acquired and the weighted average amortization period for these assets:

AmountWeighted-average life
(Dollar amounts in thousands)
Customer relationships$49,820 10
Trademark5,978 7
Software packages13,949 7
Total$69,747 9

Goodwill in connection with the Dimensa acquisition is attributable to the Latin America Payments and Solutions segment, refer to Note 5- Goodwill and Other Intangible Assets for further details. None of the goodwill is deductible for income tax purposes.