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</div> </header> <div id="content" class="site-content"> <div id="primary" class="content-area"> <main id="main" class="site-main"> <div class="container"> <div class="single-post-wrapper"> <div class="row"> <div class="col-8"> <div class="single-post-data"> <div class="spd-head"> <h2>Nokia sells device management business to Lumine for £160m</h2> <div class="spd-image"> </div> <div class="member-content-wrap"> <div class="spd-category"> <a href="https://mobilemarketingmagazine.com/tag/nokia/" rel="tag">Nokia</a> <a href="https://mobilemarketingmagazine.com/category/news/">News</a> </div> </div> <ul class="spd-more-data"> <div class="spd-more-data-details"> <li class="spd-date">Thursday, December 21st, 2023</li> </div> <div class="spd-more-data-details"> <li class="spd-author">Author: <a href=https://mobilemarketingmagazine.com/author/jasdip-sensi/> Jasdip Sensi</a></li> </div> <div class="spd-more-data-details"> <li class="spd-share">Share this article: <ul class="share-icons"> <li class="s-icon-facebook"> <a href="Javascript:void(0)" onclick="shareOnFacebook('https://mobilemarketingmagazine.com/nokia-sells-lumine/','Nokia sells device management business to Lumine for £160m')"> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 30 30" width="30px" height="30px"> <path d="M24,4H6C4.895,4,4,4.895,4,6v18c0,1.105,0.895,2,2,2h10v-9h-3v-3h3v-1.611C16,9.339,17.486,8,20.021,8 c1.214,0,1.856,0.09,2.16,0.131V11h-1.729C19.376,11,19,11.568,19,12.718V14h3.154l-0.428,3H19v9h5c1.105,0,2-0.895,2-2V6 C26,4.895,25.104,4,24,4z"/></svg> </a> </li> <li class="s-icon-linkedin"> <a href="Javascript:void(0)" onclick="shareOnLinkedin('https://mobilemarketingmagazine.com/nokia-sells-lumine/','Nokia sells device management business to Lumine for £160m')"> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 30 30" width="30px" height="30px"> <path d="M24,4H6C4.895,4,4,4.895,4,6v18c0,1.105,0.895,2,2,2h18c1.105,0,2-0.895,2-2V6C26,4.895,25.105,4,24,4z M10.954,22h-2.95 v-9.492h2.95V22z M9.449,11.151c-0.951,0-1.72-0.771-1.72-1.72c0-0.949,0.77-1.719,1.72-1.719c0.948,0,1.719,0.771,1.719,1.719 C11.168,10.38,10.397,11.151,9.449,11.151z M22.004,22h-2.948v-4.616c0-1.101-0.02-2.517-1.533-2.517 c-1.535,0-1.771,1.199-1.771,2.437V22h-2.948v-9.492h2.83v1.297h0.04c0.394-0.746,1.356-1.533,2.791-1.533 c2.987,0,3.539,1.966,3.539,4.522V22z"/></svg> </a> </li> <li class="s-icon-x"> <a href="Javascript:void(0)" onclick="shareOnTwitter('https://mobilemarketingmagazine.com/nokia-sells-lumine/','Nokia sells device management business to Lumine for £160m')"> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 30 30" width="30px" height="30px"><path d="M 6 4 C 4.895 4 4 4.895 4 6 L 4 24 C 4 25.105 4.895 26 6 26 L 24 26 C 25.105 26 26 25.105 26 24 L 26 6 C 26 4.895 25.105 4 24 4 L 6 4 z M 8.6484375 9 L 13.259766 9 L 15.951172 12.847656 L 19.28125 9 L 20.732422 9 L 16.603516 13.78125 L 21.654297 21 L 17.042969 21 L 14.056641 16.730469 L 10.369141 21 L 8.8945312 21 L 13.400391 15.794922 L 8.6484375 9 z M 10.878906 10.183594 L 17.632812 19.810547 L 19.421875 19.810547 L 12.666016 10.183594 L 10.878906 10.183594 z"/></svg> </a> </li> </ul> </li> </div> </ul> <div class="spd-parent-category"> <div class="spd-main-logo"> <img src="https://mobilemarketingmagazine.com/wp-content/uploads/2023/07/blog_img5.png"> </div> <ul class="spd-p-wrapper"> <li><a href="/">News</a></li> </ul> </div> </div> <div class="spd-body"> <img fetchpriority="high" decoding="async" class="wp-image-119080 aligncenter" src="https://mobilemarketingmagazine.com/wp-content/uploads/2023/12/Nokia-MMM-300x225.webp" alt="" width="359" height="270" srcset="https://mobilemarketingmagazine.com/wp-content/uploads/2023/12/Nokia-MMM-300x225.webp 300w, https://mobilemarketingmagazine.com/wp-content/uploads/2023/12/Nokia-MMM-768x576.webp 768w, https://mobilemarketingmagazine.com/wp-content/uploads/2023/12/Nokia-MMM.webp 800w" sizes="(max-width: 359px) 100vw, 359px" /> <p style="text-align: left;">Nokia has announced it is selling its device management and service management business to Lumine Group for £160 million.</p> <p>The acquisition includes a payment of up to £30 million based on the <a href="https://mobilemarketingmagazine.com/nokia-and-google-cloud-agree-five-year-data-centre-infrastructure-agreement/" target="_blank" rel="noopener">business’s performance</a> in the first year after the sale.</p> <hr /> <p style="text-align: center;"> <p style="text-align: center;"><strong><span data-preserver-spaces="true">Subscribe to Mobile Marketing Magazine</span></strong></p> <p style="text-align: center;"><a class="editor-rtfLink" href="https://mobilemarketingmagazine.com/newsletter-signup/" target="_blank" rel="noopener"><strong><span data-preserver-spaces="true">Click here to get the latest marketing news free in your inbox every Thursday</span></strong></a></p> <p style="text-align: center;"> <hr /> <p>The two platforms are primarily the result of previous acquisitions by <a href="https://mobilemarketingmagazine.com/nokia-profit-margin/" target="_blank" rel="noopener">mobile giant</a>, namely Motive and mFormation.</p> <p>Following the acquisition, the group will restore the Motive brand as the new corporate entity for the Device Management and Service Management Platform solutions as a stand-alone business unit within Lumine Group. <section class="sec sec-advert light-gray-bg"> <div id="ad-117296" class="ad-sec"><div class="advert-sec"><div class="advert-img" data-id="117296"><a href="https://www.thefutureofmobile.com/" target="_blank"><img decoding="async" src="https://mobilemarketingmagazine.com/wp-content/uploads/2023/10/Screenshot-2023-05-17-at-12.39.23-2.png"></a><a class="mobile_ad" href="https://www.thefutureofmobile.com/" target="_blank"><img decoding="async" src="https://mobilemarketingmagazine.com/wp-content/uploads/2023/10/Screenshot-2023-05-17-at-12.39.23-2.png"></a></div></div></div> </section> <p>As a result, around 500 employees from Nokia’s Device Management and Service Management Platform will transfer to Lumine Group.</p> <p>This transaction is expected to close in Q1 2024 and is subject to customary closing conditions.</p> <p>Lumine Group Group President David Sharpley said: “We are absolutely thrilled to welcome Device Management and Service Management Platform customers and employees to Lumine.</p> <p>“As experienced corporate carve-out acquirers, our priority is to partner with Nokia to ensure a seamless transition and operational continuity for all customers.”</p> </div> <div class="spd-footer"> <div class="spd-fl"> <div class="spd-fl-logo"> <img src="https://mobilemarketingmagazine.com/wp-content/uploads/2023/07/blog_img5.png" alt="" loading="lazy" /> </div> <a href="https://mobilemarketingmagazine.com/author/jasdip-sensi/">Jasdip Sensi</a> </div> <div class="spd-fr"> <ul class="share-icons"> <li class="s-icon-facebook"> <a href="Javascript:void(0)" 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