Social Mobile, a leader in custom enterprise mobility solutions, has announced an agreement to acquire the assets and current liabilities of Sonim Technologies, known for its mission-critical mobile devices. Valued at $20 million, the all-cash transaction includes a potential $5 million earn-out.
This acquisition will strengthen Social Mobile’s position in the enterprise mobility market by integrating Sonim’s rugged and secure mobile solutions with its existing offerings. The deal, approved by Sonim’s Board of Directors, is expected to close in the fourth quarter of 2025, pending shareholder and regulatory approvals.
Roth Capital is acting as the financial advisor, while Venable provides legal counsel to Sonim, and Blank Rome represents Social Mobile.
KEY QUOTES:
“We are thrilled about the synergies this acquisition creates and the potential it unlocks for both organizations. 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. Together, we will expand product portfolios, enhance service capabilities, and drive innovation to meet the evolving needs of our customers and stakeholders.”
Robert Morcos, CEO of Social Mobile
“This acquisition of Sonim’s assets by Social Mobile represents a pivotal step in returning value to our shareholders while ensuring the long-term success of Sonim. Social Mobile’s strong and favorable reputation among our carrier customers, combined with their proven expertise in enterprise mobility, was a key factor in our decision to move forward with this transaction. Their commitment to supporting and growing the Sonim brand, along with the synergies between our organizations, will enhance our ability to serve customers and create meaningful opportunities for all stakeholders involved.”
Mike Mulica, Chair of the Board of Directors and Special Committee at Sonim
