Synchronoss Technologies, Inc. has entered into a definitive agreement to be acquired by Lumine Group Inc. in an all-cash transaction valued at approximately $116.4 million.
Shareholders will receive $9.00 per share in cash, representing a premium of 70% over the closing price on December 3, 2025.
Upon closing, Synchronoss will become a privately held company, aiming to accelerate growth and innovation for customers.
Acquisition Agreement
Synchronoss Technologies, Inc. will be acquired by Lumine Group Inc. for an implied equity value of approximately $116.4 million and an enterprise value of approximately $258.4 million.
Shareholder Benefits
Synchronoss shareholders will receive $9.00 per share in cash, with a premium of approximately 70% over the closing share price on December 3, 2025.
Strategic Vision
The acquisition aims to position Synchronoss for long-term growth, innovation acceleration, and expanded market reach.
- The acquisition by Lumine Group will provide Synchronoss Technologies the opportunity to operate as a privately held company, potentially granting more resources and opportunities for growth.
- Synchronoss' alignment with Lumine Group's diversified portfolio could enhance its capabilities and market presence, leading to potential advancements in mobile cloud storage solutions.
The acquisition by Lumine Group marks a significant milestone for Synchronoss Technologies, Inc., offering shareholders immediate value and positioning the company for sustainable growth and innovation in the evolving market landscape.