Brief: Nokia Announces Deal To Sell Device Management And Service Management Platform Businesses To Lumine Group

Lumine

20/12/2023 13:18

Dec 20 (Reuters) - Nokia Oyj  NOKIA.HE :
    * NOKIA ANNOUNCES DEAL TO SELL DEVICE MANAGEMENT AND SERVICE
MANAGEMENT PLATFORM BUSINESSES TO LUMINE GROUP
    * NOKIA OYJ: DEAL IS VALUED AT EUR 185 MILLION
    * NOKIA OYJ: DEAL INCLUDES A CONTINGENT CONSIDERATION OF UP
TO EUR
35 MILLION BASED ON PERFORMANCE OF BUSINESS DURING FIRST YEAR
FOLLOWING CLOSE
    * NOKIA OYJ-LUMINE GROUP INTENDS TO OPERATE DM AND SMP AS A
STANDALONE BUSINESS, WHICH WILL BE CALLED MOTIVE
    * NOKIA OYJ: ABOUT 500 NOKIA DEVICE MANAGEMENT & SERVICE
MANAGEMENT PLATFORM EMPLOYEES TO TRANSFER TO LUMINE

Source text for Eikon:  ID:nGNXSJwCq 
Further company coverage:  NOKIA.HE 

 ((Reuters.Briefs@thomsonreuters.com;))