MIMOon GmbH sold to CommAgility Ltd
MIMOon GmbH, founded in 2006 out of a research project at University of Duisburg-Essen, is now one of the technologically leading developers of 4G/LTE mobile communications software for use in private and military networks. MIMOon provides software for both the handset (UE) and base station (eNodeB) sides. The company originally planned to play on the mass market field and consequently built up a larger organization. The reorganization to focus on private networks overstrained the company’s financial capacities. After filing for administration the company operated profitably on a smaller basis with approx. 30 employees.
By way of an asset deal the insolvency administrator of MIMOon GmbH, Dr. Andreas Röpke, sold all assets and the entire operations to CommAgility Ltd., Loughborough, UK. All employees have been taken over by the acquirer.
Consus Partner advised the administrator on matters of financial planning, preparation of documents, identification of the purchaser and took over responsibility for the project management and management of negotiations.