KORE Group Holdings Engages in Potential Acquisition Discussions with Searchlight and Abry Partners

KORE Group Holdings Engages in Acquisition Talks

KORE Group Holdings, Inc. (NYSE: KORE), a renowned player in the Internet of Things (IoT) sector, has confirmed receipt of a non-binding acquisition proposal aimed at its common stock. The announcement comes as the company continues to solidify its position as a leader in IoT connectivity, solutions, and analytics.

On November 4, 2025, KORE disclosed that a Special Committee, formed by its Board of Directors, received a letter from Searchlight Capital Partners, L.P., along with Abry Partners, LLC. This letter outlines intentions to enter discussions aimed at acquiring all outstanding shares of common stock not already owned by these investment affiliates. The proposal suggests a cash consideration of $5.00 per share.

The establishment of this Special Committee was primarily to evaluate strategic transaction opportunities, alongside any proposals presented by Searchlight or Abry. Accompanying the committee's efforts, Rothschild & Co is serving as the financial advisor while Richards, Layton & Finger, P.A. provides legal counsel. However, it must be noted that the company is not committing to any conclusion or transaction stemming from these discussions at this stage.

KORE has emphasized that there are no guarantees that the receipt and consideration of the proposal will materialize into a formal transaction. The company has also stated that it does not plan on making public comments about the matter unless a definitive agreement is reached or a decision is made regarding the transaction.

About KORE Group Holdings

Founded with the vision of transforming how businesses utilize IoT technology, KORE has established itself as a trusted advisor for organizations aiming to enhance operational efficiencies and achieve exemplary business results via IoT solutions. Their expertise extends across various industries, allowing KORE to simplify the complexities commonly associated with IoT deployment.

KORE prides itself on its dedicated approach, leveraging global resources, specialized solutions, and highly agile deployment strategies that have a significant impact on their client's business outcomes. The company's commitment to innovation and excellence has positioned it as a leader in the thriving IoT market.

Forward-Looking Statements

In conjunction with this announcement, KORE Group urges stakeholders to approach any forward-looking statements included in the news release with caution. While the company believes in the potential for growth and strategic expansions as highlighted in the acquisition discussions, the actual outcomes may vary significantly due to various risks and uncertainties. Investors should not view these statements as guarantees regarding future events.

KORE acknowledges ongoing developments that may affect its strategic direction and market operations. Continuous evaluation and updates to these assumptions are part of KORE's management strategy; however, there's no obligation to disclose updates on the forward-looking statements post this release unless necessary for transparency and compliance with regulatory obligations.

Given the landscape of rapid technological advancements and market dynamics, KORE remains vigilant and committed to its mission, focusing on delivering exceptional IoT solutions while exploring avenues for sustainable growth and business enhancement. Interested parties are encouraged to visit the official KORE website for continuous updates regarding corporate developments and future initiatives.

For further inquiries, please reach out to KORE’s investor relations team, led by Vik Vijayvergiya, VP of Investor Relations.