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Lumine closes on purchase of Casa's wireless biz
After a bidding war with Skyvera, Lumine Group said it officially closed on the purchase of Casa Systems' wireless business, and will house it under the brand name 'Axyom.Core.' #pressrelease
April 30, 2024
1 Min Read
Lumine Group Inc. ("Lumine Group" or "the Company") (TSXV: LMN), a global buy-and-hold forever acquirer of communications and media software businesses, today announced that it has completed the acquisition of the Axyom Cloud Native 5G Core Software & RAN Assets ("Assets") from Casa Systems (Nasdaq: CASA). This marks Lumine Group's 14th corporate carve-out that it has completed and set up in the communications and media space.
The Assets will operate as an independent, autonomous business unit within Lumine Group under the brand name "Axyom.Core".
The acquisition was first announced on April 3, 2024.
Read the press release here.
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