Orbic North America enters agreement to acquire equity ownership in Sonim
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2025
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Acquisition Agreement: Orbic North America has reached an agreement in principle to acquire a significant stake in Sonim Technologies from AJP Holding Company, positioning Orbic as the largest single shareholder of Sonim upon finalization of the deal.
Strategic Collaboration Plans: Following the acquisition, Orbic plans to engage with Sonim to explore strategic opportunities that could enhance operational and financial synergies for both companies across various global markets, including the U.S., Europe, India, and Asia Pacific.
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About SONM
Sonim Technologies, Inc. is a provider of rugged mobile solutions, including phones, wireless internet data devices, accessories and software designed to provide extra protection for users. The Company distributes its products primarily through major wireless carriers. The Company has products available at all three United States Tier-one carriers-AT&T, T-Mobile and Verizon as well as the three primary carriers in Canada-Bell, Telus and Rogers, Telstra in Australia, and multiple carriers throughout Europe. The ruggedized mobility solutions target three end markets: industrial enterprise, public sector, and consumers. It serves various sectors, such as critical communications, first responders, government, industrial, construction, hospitality, and logistics. In addition, its devices provide a wide range of connectivity options for its end customers, including location tracking and Bluetooth for certain of its devices, and its phones support a wide range of global frequencies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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