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New Deal


Announced

Completed

Lumine Group completed the acquisition of the device management and service management platform businesses from Nokia for €220m.

Financials

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Transaction Value£189m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Finland

Digital Services

Acquisition

Private

Cross Border

Friendly

service management

Majority

Completed

Synopsis

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Lumine Group, a communications and media software developer, completed the acquisition of the device management and service management platform businesses from Nokia, a multinational telecommunications, information technology, and consumer electronics corporation, for €220m. “We are absolutely thrilled to welcome Device Management and Service Management Platform customers and employees to Lumine. As experienced corporate carve-out acquirers, our priority is to partner with Nokia to ensure a seamless transition and operational continuity for all customers,” David Sharpley, Lumine Group President.

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