Buy-and-hold acquisition

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Lumine Group Enters into an Agreement to Acquire Datafusion Systems
Globenewswireยท 2025-05-23 21:00
Core Viewpoint - Lumine Group Inc. has announced an agreement to acquire Datafusion Systems, enhancing its presence in the signaling and security sector and marking its first acquisition in the UAE [1][2]. Company Overview - Lumine Group focuses on acquiring and growing vertical market software businesses in the Communications and Media industry [5]. - Datafusion Systems has over 30 years of experience in communication and data analytics solutions, providing critical secure communication and intelligence solutions for telecom operators, law enforcement, and government agencies [6]. Acquisition Details - The acquisition will broaden Lumine's product offerings and market reach, particularly in the area of real-time secure communication and intelligence solutions [2][3]. - The transaction is expected to close by early Q3, pending customary review and approval from the Dubai Development Authority [3]. Strategic Importance - The acquisition aligns with the increasing focus on public safety and early threat detection, addressing the ongoing needs of telecom operators, law enforcement, and government agencies [3]. - Both companies share a long-term, buy-and-hold philosophy, which is expected to reinforce their commitment to customers and explore new global growth opportunities [3].