Affiliates of Searchlight Capital Partners & Abry Partners acquires KORE Group Holdings, Inc.
- Acquirer
- Affiliates of Searchlight Capital Partners & Abry Partners
- Target
- KORE Group Holdings, Inc.
- Deal Value
- $726M
- Market
- Global
- Region
- Global
- Status
- Completed
- Announced
- July 21, 2026
What happened
On July 21, 2026, KORE announced the successful completion of its acquisition by affiliates of Searchlight Capital Partners and Abry Partners. KORE said its common stock would cease trading before market open and be delisted from the New York Stock Exchange, while the global IoT connectivity, solutions, and analytics provider began operating as a private business. The company described the transaction as a new ownership chapter intended to provide flexibility for long-term investment.
Why it matters
The transaction changes ownership and public-market reporting, not customer contracts or network access by itself. KORE's announcement says the people, expertise, and relationships customers and partners rely on are not changing, while private ownership is intended to support faster investment. MVNO and enterprise IoT customers should still confirm the contracting entity, support contacts, security and compliance obligations, and product roadmap directly with KORE. Future operating changes should not be inferred from the take-private alone.
Source: KORE Group press release
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