Kellton Tech Acquires Kumori Technologies for ₹52.50 Crore
Filing Summary
Kellton Tech Solutions Ltd. has announced the acquisition of Kumori Technologies Services Private Limited. The acquisition involves a total consideration of up to ₹52.50 crore. Upon completion, Kellton Tech will own 100% of Kumori’s paid-up share capital, making it a wholly-owned subsidiary. This acquisition is part of Kellton Tech’s strategy to enhance its ServiceNow delivery capabilities and expand its digital transformation services. The transaction is structured in multiple tranches, with the completion date not specified in the filing.
Kellton Tech Solutions Ltd. has disclosed the acquisition of Kumori Technologies Services Private Limited through a subscription to its equity shares. The total consideration for this acquisition is up to ₹52.50 crore. Upon completion of the transaction, Kellton Tech will hold 100% of the paid-up share capital of Kumori, resulting in Kumori becoming a wholly-owned subsidiary of Kellton Tech.
The financial terms of the acquisition involve an aggregate consideration of up to ₹52.50 crore. The payment will be made in one or more tranches, although specific details regarding the tranche structure or payment schedule are not provided in the filing. The acquisition is conducted through a subscription to equity shares, which will result in Kellton Tech acquiring full ownership of Kumori Technologies.
The operational scope of this acquisition centers around enhancing Kellton Tech’s capabilities in the ServiceNow platform. Kumori Technologies specializes in ServiceNow services, providing proven implementation frameworks and experience in enterprise ServiceNow implementations. This acquisition aims to integrate Kumori’s expertise into Kellton Tech’s existing operations, thereby expanding its ability to deliver connected, data-driven operations and intelligent automation solutions.
In the context of the market, Kumori Technologies is recognized for its specialization in the ServiceNow platform and its role in transforming business operations through digital innovation. Established in 2018, Kumori has a team of over 70 certified consultants operating globally. The acquisition aligns with Kellton Tech’s strategy to deepen its expertise in high-demand digital platforms and support digital transformation for enterprises worldwide.
The timeline for the completion of this acquisition is not specified in the filing. The transaction will be completed in one or more tranches, but specific dates or milestones are not detailed. The filing confirms that upon completion, Kumori Technologies will become a wholly-owned subsidiary of Kellton Tech.
Kumori Technologies is a ServiceNow Partner specializing in enterprise ServiceNow implementations. The company delivers solutions across AI, ITSM, ITOM, HRSD, GRC, and Hardware Asset Management modules. Kumori has been recognized with the India 500 Most Promising IT Award 2023 and Emerging IT Company of the Year 2024.
Kellton Tech Solutions Ltd. is an AI-led digital transformation and technology consulting company. It partners with enterprises to build scalable digital platforms, modernize operations, and accelerate intelligent automation journeys. Kellton Tech operates globally, delivering solutions across cloud, data, AI, enterprise platforms, and digital product engineering.