ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Allocation of Consideration Transferred for Acquired Companies

The following table sets forth a summary of the allocation of the consideration transferred, including the identified assets acquired and liabilities assumed as of the acquisition date:


(in thousands)	Fair Value
Fair value of KORE common stock issued to sellers (2,000,000 shares)	$	14,700
Total consideration	$	14,700
Assets acquired:
Intangible assets	$	11,500
Inventories	326
Property and equipment	36
Total Assets acquired	$	11,862
Liabilities assumed:
Accrued liabilities	$	405
Total liabilities assumed	$	405
Net identifiable assets acquired	11,457
Goodwill (excess of consideration transferred over net identifiable assets acquired)	$	3,243