Move & Connect Partners with KORE to Deliver Seamless Pan-European IoT Connectivity for Critical Industries

Rhea-AI Summary

KORE (NYSE: KORE) announced a strategic alliance with Move & Connect to deliver unified pan-European IoT connectivity for critical industries, including EV charging, retail and smart farming. The partnership gives Move & Connect customers access to KORE's global network in 190+ countries via a single contract, API and eSIM-enabled management platform. Move & Connect will build an AI-powered analytics layer on KORE network data to provide operational insights and differentiated managed services for enterprise customers.

News Market Reaction – KORE

+0.11%

+0.11% Session close to close

In the Mar 24 session, KORE gained 0.11%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights KORE’s effort to deepen its European presence by pairing its global IoT...

Analysis

This announcement highlights KORE’s effort to deepen its European presence by pairing its global IoT network, spanning more than 190 countries, with Move & Connect’s local deployment expertise. Historically, KORE’s most material moves stemmed from acquisition developments and financial updates, so this partnership adds a commercial layer to that backdrop. Investors may watch how enterprise adoption, particularly in EV charging and smart farming, complements prior strategic milestones.

Key Figures

Global connectivity footprint: more than 190 countries

1 metrics

Global connectivity footprint more than 190 countries KORE network coverage available to Move & Connect customers

Historical Context

5 past events · Latest: Feb 27 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Feb 27	Shareholder review	Neutral	+78.6%	Article questioning whether shareholders are receiving fair deals in transactions.
Feb 27	Acquisition agreement	Positive	+78.6%	Definitive agreement to be acquired for $9.25 per share in cash.
Nov 12	Earnings update	Neutral	-3.0%	Q3 2025 results with flat revenue but improved net loss and EBITDA.
Nov 04	Takeover proposal	Positive	+6.6%	Non-binding proposal to acquire remaining common shares at $5.00 per share.
Nov 04	Industry recognition	Positive	+6.0%	Named a top-tier IoT specialist in an industry benchmarking report.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Positive corporate developments, especially acquisition-related, have previously coincided with strong upside moves.

Recent Company History

Recent KORE news centered on strategic activity and operating performance. On Nov 4, 2025, a non‑binding takeover proposal at $5.00 per share was disclosed, followed by recognition as a top-tier IoT specialist the same day. Q3 2025 earnings on Nov 12, 2025 showed flat $68.7M revenue but improved losses. On Feb 27, 2026, KORE agreed to be acquired for $9.25 per share, driving a 78.64% move. Today’s partnership fits into this broader strategy of leveraging its IoT platform and global reach.

Key Terms

iot, esim, api, connectivity management platform, +1 more

5 terms

iot technical

"the global Internet of Things ("IoT") Hyperscaler and a leading provider"

The Internet of Things (IoT) describes a network of everyday devices—such as appliances, vehicles, and equipment—that are connected to the internet and can share data automatically. For investors, IoT represents a growing trend that can drive efficiency and innovation across many industries, potentially creating new opportunities for growth and value. Its expansion influences how companies operate and compete in a digitally connected world.

esim technical

"KORE's connectivity management platform, which includes extensive eSIM capabilities"

An esim is a small, built-in electronic SIM card inside a phone, tablet or connected device that stores mobile network credentials digitally instead of using a removable plastic card. For investors it matters because it changes how carriers sell and manage subscriptions, lowers logistics costs for device makers, enables easier switching between networks or plans (including global roaming), and expands opportunities in Internet-of-Things connectivity and recurring revenue services.

api technical

"all managed through a single contract and API."

An API, or Application Programming Interface, is a set of rules that allows different software programs to communicate and work together smoothly, much like a waiter translating your order into the kitchen and then bringing your meal back. For investors, APIs are important because they enable real-time access to financial data, trading systems, and other digital services, making it easier to make informed decisions quickly and efficiently.

connectivity management platform technical

"KORE's connectivity management platform, which includes extensive eSIM capabilities"

A connectivity management platform is a software service that centrally controls, monitors and configures large numbers of internet-connected devices and their network connections, acting like a traffic controller for data paths, SIMs and wireless links. Investors care because it enables companies to scale services, cut network costs, improve security and create predictable recurring revenue — factors that affect profitability, customer retention and the speed at which new offerings can be launched.

ai-powered analytics technical

"Move & Connect is developing a proprietary AI-powered analytics layer on top"

AI-powered analytics uses artificial intelligence tools to sift through large, varied datasets and surface patterns, trends, forecasts or unusual signals that would be hard for humans to spot on their own. For investors, it speeds research and highlights potential risks or opportunities earlier—like giving a financial detective a faster magnifying glass—helping inform quicker, more data-driven buy, sell, or risk-management decisions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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ATLANTA, March 24, 2026 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE), the global Internet of Things ("IoT") Hyperscaler and a leading provider of IoT Connectivity, today 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.

"Our partnership with Move & Connect is a testament to our commitment to the European market and our strategy of combining our global strength with local expertise. Move & Connect's deep understanding of the regional landscape and their hands-on approach are the perfect complements to KORE's robust, global network." said Niklas Ekarv, Managing Director EAP at KORE. "Together, we are not just providing a connectivity solution; we are enabling innovation and empowering businesses across Europe to scale their IoT ambitions with confidence and ease. We are incredibly excited about the opportunities this collaboration will unlock for customers in critical industries."

IoT operators deploying devices across multiple countries have long struggled with a fragmented carrier ecosystem, leading to unreliable connectivity and a lack of unified visibility. For critical infrastructure, any interruption, such as an EV charger going offline or a smart farming robot losing its connection, results in lost revenue and significant operational costs. This alliance directly addresses that challenge by providing a single, resilient connectivity solution.

The partnership provides Move & Connect's European customers access to KORE's seamless global connectivity in more than 190 countries, all managed through a single contract and API. KORE's connectivity management platform, which includes extensive eSIM capabilities, gives Move & Connect the ability and operational control required to serve the demanding needs of its customers.

Move & Connect bridges the gap between this powerful global infrastructure and the operational reality of advanced IoT deployments. By combining its intimate knowledge of customers' devices and geographies with KORE's global reach, Move & Connect offers enterprise-grade connectivity with the responsiveness and expertise of a dedicated local partner.

"KORE's infrastructure gives us the global reach and reliability our customers demand, while their platform gives us the control to build differentiated services on top," said Jérôme Chachuat CEO – Founder, Move & Connect. "KORE is not just a connectivity provider; it is a partner we can innovate with."

Looking ahead, Move & Connect is developing a proprietary AI-powered analytics layer on top of KORE's network data. This platform will provide unprecedented insights to customers, further cementing the Move & Connect's role as a strategic partner beyond simple connectivity.

About KORE
KORE is a pioneer, leader, and trusted advisor delivering mission critical IoT solutions and services. We empower 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. For more information, visit korewireless.com.

About Move & Connect

Move & Connect is a French IoT connectivity company based in Sophia Antipolis. The company provides global IoT connectivity solutions for critical IoT infrastructure across multiple verticals, managing the full SIM lifecycle for its customers to enable them to deploy and scale connected devices globally without managing multiple operator relationships. For more information, visit https://www.move-connect.com/

KORE Media Contact
Kayleigh Thomas
Marketing Director
Email: kthomas@korewireless.com 

 

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SOURCE KORE Group Holdings, Inc.

FAQ

What does the KORE (KORE) and Move & Connect partnership provide for European IoT customers?

It provides unified, resilient pan-European connectivity under a single contract and API covering 190+ countries. According to KORE, the integration pairs KORE's global network and eSIM management with Move & Connect's local deployment expertise to simplify cross-border IoT operations for EV charging, retail and smart farming.

How will the KORE partnership improve reliability for EV charging networks in Europe?

It aims to reduce connectivity fragmentation and outages for EV chargers with a single managed connectivity solution. According to KORE, the combined offering delivers global reach, eSIM capabilities and local operational support to minimize downtime and operational costs from cross-border connectivity failures.

What role will Move & Connect's AI analytics play on top of KORE's network for customers?

Move & Connect plans to develop an AI-powered analytics layer that delivers operational insights from network data. According to KORE, this analytics platform will provide customers with enhanced visibility, performance monitoring and actionable intelligence beyond basic connectivity management.

How does KORE's platform enable Move & Connect to deliver managed IoT services in Europe?

KORE's connectivity management platform, including eSIM features, gives Move & Connect control over provisioning and monitoring across countries. According to KORE, this enables the partner to build differentiated managed services with enterprise-grade reliability and simplified multi-country device rollouts.

Which industries will specifically benefit from the KORE and Move & Connect collaboration announced March 24, 2026?

Critical industries cited include EV charging, retail and smart farming, with emphasis on resilience and scale for multi-country deployments. According to KORE, the partnership targets these sectors to reduce connectivity interruptions and support large-scale IoT operations across Europe.