Hyderabad: Blue Cloud Softech Solutions Ltd. has announced a strategic move involving Global Impex, as its Board of Directors approved a definitive agreement framework to acquire 100% of Global Impex Inc. from ConnectM Technology Solutions, Inc. (OTC: CNTM).
The proposed Global Impex acquisition is aimed at developing a scalable, technology-driven “Blue Energy” platform under Blue Cloud Softech Solutions Ltd. (BCSSL), focused on delivering clean energy solutions for data centers, industrial sectors, electric mobility, electric vehicles, energy storage, software, and data services supporting energy transition in India and global markets.
BCSSL (BSE Scrip Code: 539607; ISIN: INE373T01047), a BSE-listed diversified technology and infrastructure solutions company, confirmed that the transaction will be executed through an all-equity share swap mechanism, subject to due diligence, execution of definitive agreements, and receipt of corporate, regulatory, and shareholder approvals.
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Global Impex Acquisition: Transaction Overview
The Global Impex transaction includes ConnectM’s India-focused operating assets and platforms housed under Global Impex Inc. These assets comprise:
- Electric mobility solutions
- Rooftop solar and clean energy businesses (CER and CER Rooftop)
- Distributed microgrids
- Geo Impex infrastructure assets
- Related operating companies
In addition, Global Impex holds exclusive India licenses for select proprietary technologies developed by ConnectM and its wholly owned subsidiary, Keen Labs.
The acquisition of Global Impex will be implemented through issuance of new BCSSL equity shares to ConnectM, in accordance with applicable regulations under SEBI, RBI, and the Companies Act.
The transaction is expected to be completed within 6–9 months, subject to regulatory and shareholder approvals.
Both BCSSL and ConnectM Boards have approved proceeding with the transaction framework.
Strategic Rationale Behind the Global Impex Acquisition
The Global Impex acquisition aligns with BCSSL’s long-term portfolio strategy and SPV-based value creation model, as outlined in the Company’s Investor Memorandum (January 2026).
Key strategic objectives include:
- Consolidation of operating clean energy, mobility, and distributed infrastructure assets under the dedicated “Blue Energy” vertical
- Integration of advanced technologies in virtual power plants (VPPs), battery systems, smart mobility, and AI-driven energy management from ConnectM and Keen Labs
- Leveraging BCSSL’s government and enterprise relationships, including PSUs and telecom sector clients to accelerate deployment
- Utilizing intangible and tangible assets for upcoming AI-enabled data center projects and broader business expansion
- Creation of a scalable, asset-backed, IP-led energy platform capable of attracting long-term institutional capital
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For ConnectM, the Global Impex transaction enables structural simplification, sharper focus on U.S. and international markets, and continued participation in India’s growth through equity ownership and technology licensing partnerships.
Bhaskar Panigrahi, Chairman & CEO, ConnectM Technology Solutions, Inc., said: “This strategic partnership with Blue Cloud Softech marks a pivotal step in ConnectM’s evolution as a global modern energy platform.
By transitioning our India operations and technology licenses to BCSSL, we are de-risking cross-border execution while retaining meaningful participation in India’s energy transition. This transaction enables us to sharpen our focus on high-growth U.S. opportunities and strengthens long-term value creation for our shareholders.”
Janaki Yarlagadda, Chairman, Blue Cloud Softech Solutions Ltd., said: “The acquisition of Global Impex from ConnectM represents a strategically important milestone in BCSSL’s growth journey.
GIX brings high-quality clean energy and mobility assets and valuable technology capabilities that significantly strengthen our Blue Energy platform. Integrated with our digital infrastructure and healthcare verticals, this positions BCSSL to build a diversified, technology-led franchise.”
Post-Acquisition Roadmap for Global Impex Assets
Following completion, BCSSL intends to consolidate Global Impex assets and related technologies into a focused Blue Energy vertical and, where appropriate, into special purpose vehicles (SPVs).
This structure is expected to support:
- Targeted capital raising from infrastructure and climate-tech investors
- Expansion of EV, microgrid, storage, and VPP deployments across India
- Potential strategic partnerships and international capital market initiatives over the medium to long term
BCSSL and ConnectM will now undertake financial, legal, tax, technical, and regulatory due diligence before finalizing transaction documentation.
Approvals will be sought from shareholders, stock exchanges, and regulatory authorities including SEBI, RBI, BSE, and applicable foreign exchange regulators. Further disclosures will be made as material milestones are achieved.
