Social Mobile (NASDAQ: SONM) to acquire Sonim Technologies for $20 million

Social Mobile announced it will acquire Sonim Technologies Inc. (NASDAQ: SONM) for $20 million in an all-cash transaction that includes a potential $5 million earn-out.

The acquisition involves Social Mobile purchasing the assets and substantially all current liabilities of Sonim Technologies, a provider of rugged mobile solutions for enterprise customers. The transaction has been approved by Sonim’s Board of Directors and is expected to close in Q4 2025, subject to customary closing conditions including shareholder and regulatory approvals.

“We are thrilled about the synergies this acquisition creates and the potential it unlocks for both organizations,” said Robert Morcos, CEO of Social Mobile. “By combining Social Mobile’s resources and expertise with Sonim’s strong foundation, we are well-positioned to grow the brand and deliver even greater value to Sonim’s customers.”

Mike Mulica, Chair of the Board of Directors and Special Committee at Sonim, stated the acquisition “represents a pivotal step in returning value to our shareholders while ensuring the long-term success of Sonim.”

Social Mobile, founded in 2011 and based in Hollywood, Florida, describes itself as a provider of enterprise mobility solutions and custom IoT devices. The company has distributed more than 15 million devices globally and maintains partnerships with major technology companies including Google as a validated Android Enterprise Gold partner.

Sonim Technologies, established in 1999, specializes in ruggedized mobile phones, wireless internet data devices, and accessories designed for first responders, government agencies, and Fortune 500 customers. The company sells its products through wireless carriers and distributors in North America, EMEA, and Australia/New Zealand.