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ConnectM Completes Acquisition of MHz Invensys to Strengthen Wireless Solutions for Smart Metering

Jan 27, 2025•11 months ago

Acquiring Company

ConnectM Technology Solutions

Acquired Company

Mhz Invensys

MarlboroughBengaluruInformation TechnologyInformation Technology

Description

ConnectM Technology Solutions, Inc., a leader in the electrification economy, has successfully acquired MHz Invensys, renowned for its expertise in wireless communication products and solutions. This strategic acquisition aims to bolster ConnectM’s capabilities in effectively delivering wireless communication, particularly in the smart metering/Advanced Metering Infrastructure (“AMI”) vertical, with the expectation to generate an additional $15M of revenue from the AMI vertical alone over the next three years.

Company Information

Company

ConnectM Technology Solutions

Location

2 Mount Royal Avenue

Marlborough, Massachusetts, United States

About

ConnectM Technology Solutions, Inc. is a technology company focused on advancing the electrification economy by integrating electrified energy assets with its AI-driven technology solutions platform. The company provides residential and light commercial buildings and all-electric original equipment manufacturers (OEMs) with a proprietary platform to accelerate the transition to solar and all-electric heating, cooling, and transportation. As a vertically integrated company with wholly owned service networks and a comprehensive technology stack, ConnectM empowers customers to reduce their reliance on fossil fuels, lower overall energy costs, and minimize their carbon footprint.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed