Nokia plans to sell its device management and service management platform businesses for €185 million

Nokia announced today that it will sell its device management and service management platform business to Lumine Group for 185 million euros, which is expected to be completed in the first quarter of next year

According to our findings, Lumine is a communications and media software company that was recently spun off from Constellation Software. About 500 Nokia employees are expected to join Lumine as part of the deal. According to public information, the business of these platforms was mainly formed by Nokia through its two previous acquisitions of Motive and mFormation. Lumine said it intends to revive the Motive brand as an independent business unit

Lumine said the acquisition price includes a contingent payment of up to 35 million euros (approximately 274 million yuan), according to the new Determined based on the owner’s business performance in the first year

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