Kellton tech acquires Kumori Technologies for ₹52.50 crore

Kellton Tech Solutions Limited announced the acquisition of Kumori Technologies Services Private Limited for ₹52.50 crore. This strategic move, approved by Kellton's Board, will result in Kumori becoming a wholly-owned subsidiary of Kellton.

The total acquisition cost of ₹52.50 crore will be disbursed in tranches, with an initial upfront payment of approximately ₹26.50 crore expected by Q3 FY2025-26. The remaining ₹26 crore will be paid as earn-out consideration over three financial years, contingent on Kumori's performance metrics.

Kumori Technologies, established in 2018, specializes in ServiceNow-focused IT services, including consulting, implementation, and managed services. This acquisition is poised to strengthen Kellton's platform-led digital transformation capabilities, accelerate high-margin consulting, and expand geographic reach, particularly in Europe. The target company operates in the IT services and consulting industry.