M&A Deal Summary

KORE Acquires Wyless

On March 9, 2016, KORE acquired communications company Wyless

Acquisition Highlights
  • This is KORE’s 2nd transaction in the Communications sector.
  • This is KORE’s 2nd transaction in the United States.
  • This is KORE’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2016-03-09
Target Wyless
Sector Communications
Buyer(s) KORE
Deal Type Add-on Acquisition

Target

Wyless

Lawrence, Massachusetts, United States
Wyless, inc. (Wyless Group Holdings) is a provider of Internet of Things (IoT) to empowers businesses to their full potential.

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Buyer(S) 1

Buyer

KORE

Alpharetta, Georgia, United States

Category Company
Founded 2002
Sector Communications
Employees600
Revenue 277M USD (2023)
DESCRIPTION

KORE is a trusted advisor delivering mission-critical IoT solutions and services. KORE empowers organizations of all sizes to improve operational and business results by simplifying the complexity of IoT. Our deep IoT knowledge and experience, global reach, purpose-built solutions, and deployment agility accelerate and materially impact our customers’ business outcomes. KORE was founded in 2002 and is headquartered in Atlanta, Georgia.


DEAL STATS #
Overall 2 of 7
Sector (Communications) 2 of 4
Type (Add-on Acquisition) 2 of 6
State (Massachusetts) 1 of 1
Country (United States) 2 of 6
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-15 RACO Wireless

Cincinnati, Ohio, United States

RACO Wireless is a provider of wireless data solutions to the M2M industry offering innovative products and services that simplify mobile device management, reduce costs and ensure the availability of mission-critical mobile applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-10 ASPIDER-NGI

GE Woerden, Netherlands

NGA Holding B.V. provides ‘as-a-Service’ infrastructure for mobile access, applications, and connectivity services, leveraging core network and value-added services across voice, data, and messaging. NGA Holding is based in GE Woerden, Netherlands.

Buy -