Announced
Financials
Sources
Tags
Acquisition
Ireland
software company
Software
Single Bidder
Friendly
Cross Border
Majority
Private
Pending
Synopsis
SoftBank, a Japanese multinational conglomerate holding company, agreed to acquire a 51% stake in Cubic Telecom, a software company, for $513m. “In line with our ‘Beyond Japan’ strategic growth initiative, we are extremely pleased to be teaming up with Cubic Telecom to make a full-fledged entry into the fast-growing market for high-value IoT asset connectivity. With its global leadership position, we are convinced Cubic Telecom is the best partner for this opportunity, and we look forward to building connectivity platforms for next-generation social infrastructure,” Junichi Miyakawa, SoftBank President & CEO.
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