Synchronoss Technologies, Inc. (SNCR) entered a merger agreement on December 4, 2025, to be acquired by Lumine Group Inc. in a deal valued at $258.4 million.
Synchronoss shareholders will receive $9 per share in cash for each share of common stock they own, representing a premium of 69.81% from the stock’s last close.
The $9 per share price could be lowered if the company’s transaction expenses exceed a certain threshold.
Synchronoss is a provider of cloud, messaging, and digital experience platforms that help service providers securely manage subscriber content, streamline device and service activation, and enhance customer engagement.
Lumine is a Canada-based company that acquires, strengthens, and grows software businesses focused on communications and media, building a global network of vertical-market software firms.
The deal is expected to close in the first half of 2026.
Synchronoss is expected to continue operating from its headquarters in Bridgewater, New Jersey.
Synchronoss got financial advice from TD Cowen and legal help from Gunderson Dettmer Stough Villeneuve Franklin & Hachigian. Lumine Group received legal support from Goodwin Procter.
The acquisition price represents 0.32 times the sales value of Synchronoss.
For comprehensive insights into this M&A transaction, please follow the link below to the Deal Metrics page:
Deal Metrics for the acquisition of Synchronoss Technologies, Inc. (SNCR) by Lumine Group Inc.
The Deal Metrics page for each merger or acquisition includes:
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Editor’s Note: Baranjot Kaur contributed to this article