KORE Begins New Chapter as Private Company Backed by Searchlight Capital Partners and Abry Partners

KORE Group Holdings, Inc., a prominent player in the Internet of Things (IoT) sector, has successfully completed its acquisition by affiliates of Searchlight Capital Partners, L.P. and Abry Partners. The deal, finalized on July 21, 2026, involves an undisclosed amount and marks a significant transition for KORE as it becomes a private entity. This acquisition is expected to provide KORE with enhanced flexibility and long-term investment capabilities, enabling the company to accelerate innovation and expand its service offerings in the IoT market.

KORE has established itself as a leader in IoT connectivity, solutions, and analytics, helping organizations navigate the complexities of deploying and managing connected devices. The company's decision to go private is anticipated to facilitate a more aggressive approach to investment in innovation, allowing KORE to respond more swiftly to customer needs and market dynamics. With the backing of Searchlight and Abry, KORE aims to leverage its nearly three decades of experience to enhance its global reach and operational capabilities.

The strategic rationale behind this acquisition lies in the growing demand for IoT solutions as businesses increasingly seek to optimize their operations through connected technologies. The partnership with Searchlight and Abry is expected to provide KORE with the necessary resources and expertise to capitalize on these trends. Searchlight, with its focus on building market-leading businesses across various sectors, and Abry, known for its extensive experience in the private equity landscape, are well-positioned to support KORE's growth trajectory.

As KORE transitions to a private company, its common stock will cease trading and be delisted from the New York Stock Exchange. This move signifies a shift in strategy that aims to prioritize long-term growth over short-term market pressures. The new ownership structure is expected to enhance KORE's ability to invest in cutting-edge technologies and expand its capabilities, ultimately benefiting its customer base.

The broader implications of this acquisition reflect the ongoing consolidation within the IoT sector, as companies seek to enhance their competitive edge in an increasingly complex market. The partnership between KORE, Searchlight, and Abry is indicative of a trend where private equity firms are investing in technology-driven companies to unlock value and drive innovation. As the IoT landscape continues to evolve, KORE's new ownership is likely to position it favorably to meet the growing demands of enterprises looking to scale their IoT deployments globally.