XML 37 R27.htm IDEA: XBRL DOCUMENT v3.22.2
ACQUISITION AND DIVESTITURES (Tables)
 6 Months Ended
Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Allocation of Consideration Transferred for Acquired Companies
The following table summarizes the allocation of the consideration transferred for the Acquired Companies, including the identified assets acquired and liabilities assumed as of the acquisition date. The purchase price allocation is preliminary and is subject to revision as additional information about the fair value of the assets acquired and liabilities assumed, including certain working capital and income taxes, become available.
(in '000 USD)Fair Value
Cash, (net of closing cash of $1,995) and working capital adjustments
$46,002 
Fair value of KORE common stock issued to sellers (4,212,246 shares)
23,295 
Total consideration$69,297 
Assets acquired:
Accounts receivable3,303 
Inventories1,323 
Prepaid expenses and other receivables976 
Property and equipment201 
Intangible assets28,664 
Total Assets acquired34,467 
Liabilities assumed:
Deferred tax liabilities7,391 
Accounts payable and accrued liabilities2,638 
Liabilities assumed10,029 
Net identifiable assets acquired24,438 
Goodwill (excess of consideration transferred over net identifiable assets acquired)$44,859