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  5. Lumine Group Acquires Nokia - Device Management and Service Management Platform businesses

M&A Deal Summary

Lumine Group Acquires Nokia - Device Management and Service Management Platform businesses

On December 20, 2023, Lumine Group acquired communications company Nokia - Device Management and Service Management Platform businesses from Nokia

Acquisition Highlights
  • This is Lumine Group’s 3rd transaction in the Communications sector.
  • This is Lumine Group’s 1st transaction in Finland.

M&A Deal Summary
Date 2023-12-20
Target Nokia - Device Management and Service Management Platform businesses
Sector Communications
Buyer(s) Lumine Group
Sellers(s) Nokia
Deal Type Divestiture

Target

Nokia - Device Management and Service Management Platform businesses

Finland
Nokia’s Device Management software capabilities help communication service providers remotely manage home broadband access devices, as well as IoT sensors and devices from a variety of different vendors; while the Nokia’s Service Management Platform improves customer care service, with coverage spanning more than 150 deployments worldwide and more than 1 billion devices under management.

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Buyer(S) 1

Buyer

Lumine Group

Mississauga, Ontario, Canada
Category Company
Sector Communications
DESCRIPTION

Lumine Group is a provider of communications and media software portfolios. Lumine offers communications and media software companies the ability to grow, retain independence, and focus on the needs of their customers and employees, with the strong financial backing of Volaris. Lumine Group is based in Mississauga, Ontario.

DEAL STATS #
Overall 11 of 13
Sector (Communications) 3 of 3
Type (Divestiture) 3 of 5
Country (Finland) 1 of 1
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 Synchronoss - Messaging & NetworkX Business Units

Bridgewater, New Jersey, United States

Synchronoss' Messaging & NetworkX Business Units is a communications service provider.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-03 Axyom Cloud Native 5G Core Software & RAN Assets

United States

Axyom Cloud Native 5G Core Software & RAN Assets provides cloud-native 5G network functions (CNFs) in the core and access networks.

Buy -

Seller(S) 1

SELLER

Nokia

Espoo, Finland
Category Company
Founded 1865
Sector Communications
Employees86,689
Revenue 22.3B EUR (2023)
DESCRIPTION

Nokia is a Finnish communications and information technology multinational corporation. Nokia was founded in 1865 and is based in Espoo, Finland.

DEAL STATS #
Overall 10 of 10
Sector (Communications) 3 of 3
Type (Divestiture) 10 of 10
Country (Finland) 7 of 7
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-12 Fenix Group

Chantilly, Virginia, United States

Fenix Group supplies equipment and services for handheld communication devices and broadband networks in support of the Department of Defense and the intelligence community. Fenix Group was founded in 2016 and is based in Chantilly, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-28 Infinera

San Jose, California, United States

Infinera is a global supplier of open optical networking solutions and advanced optical semiconductors that enable carriers, cloud operators, governments, and enterprises to scale network bandwidth, accelerate service innovation, and automate network operations. Infinera was formed in 2000 and is based in San Jose, California.

Buy $2.3B
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