Sonim Technologies, Inc. and Social Mobile announced on July 18, 2025, that they have entered into a definitive agreement. Under this agreement, Social Mobile will acquire Sonim's assets and substantially all current liabilities for $20 million, including a $5 million potential earn-out, in an all-cash transaction.
This acquisition aligns with Social Mobile's strategy to expand its footprint in the purpose-built enterprise mobility market. The transaction is expected to close during Q4 2025, subject to customary closing conditions.
For Sonim, this transaction provides a clear path for its core rugged mobile device business and is a foundational step in its strategic transformation. The acquisition enhances Social Mobile's enterprise solutions and expands its addressable market within carrier channels.
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