KORE News & Events

Kore Group announced a new portfolio of SGP.32-compliant connectivity solutions in partnership with Kigen, a global provider of eSIM and remote SIM provisioning - with commercial availability planned for later in 2026. Purpose-built for IoT and based on the GSMA's next-generation eSIM standard, Kore's SGP.32 solutions support a range of devices, from high-power gateways to battery-powered sensors, and include a range of connectivity profiles tailored to different operational needs. Kore's SGP.32 solutions give customers the ability to remotely provision, switch and optimize connectivity.

Adjusted EBITDA increased to $17.7M, up $3.7M or 26% from the same period last year. Total Connections increased to 20.9M, up 6% from 19.7M from the same period last year. "Our fourth-quarter performance showcased disciplined execution, and our full-year results reflected meaningful expansion in profitability and Free Cash Flow," said Ron Totton, Kore's President & CEO. "We also advanced our growth engine with continued expansion in Total Connections, underscoring durable demand for our IoT platform," added Totton.

Kore Group announced a strategic alliance with Move & Connect, a French IoT connectivity solutions provider with deep expertise in managed connectivity and regional market deployment. This collaboration combines Kore's robust global network with Move & Connect's dedicated, hands-on market expertise to simplify and strengthen IoT deployments for European businesses in critical sectors such as EV charging, retail and smart farming.

Kore Group, Searchlight Capital Partners, L.P. and Abry Partners, each a global private investment firm, announced that they have entered into a definitive agreement and plan of merger under which Searchlight and Abry will acquire all of the shares of Kore's issued and outstanding common stock that are not currently owned by them in an all-cash transaction valued at approximately $726M. Abry is presently the beneficial owner of approximately 28% of the company's issued and outstanding shares of common stock, and Searchlight also is the holder of all of the company's issued and outstanding Series A-1 preferred stock and the holder of warrants to purchase approximately 14% of the company's shares of common stock, on a fully diluted basis. Under the terms of the Agreement, Searchlight and Abry will acquire all issued and outstanding shares of Kore common stock not already owned by them at an all-cash price of $9.25 per share. The closing of the transaction is not subject to a financing condition. Kore expects the transaction to close during the second or third quarter of 2026.