ConnectM Acquires MHz Invensys, Enhancing Wireless Communication Solutions
ConnectM Technology Solutions (NASDAQ: CNTM) has acquired MHz Invensys through an all-stock transaction, primarily acquiring their intellectual property in wireless communication solutions. The acquisition aims to strengthen ConnectM's capabilities in smart metering and Advanced Metering Infrastructure (AMI).
MHz Invensys's founders, Kiran Kumar and Mahesh Oni, will join ConnectM as employees. The company's RF mesh-based technology enables multi-billion scale meter readings every half hour and supports millions of smart meters with bidirectional communication for pre-payment systems.
ConnectM projects an additional $15M revenue from the AMI vertical by 2027. The global AMI market is expected to reach $47.5 billion by 2030, growing at a CAGR of 16.1% from 2024-2030. The acquisition will allow ConnectM to expand into adjacent markets including solar grid monitoring, IoT/Industrial IoT, Renewables, and water and gas AMI.
ConnectM Technology Solutions (NASDAQ: CNTM) ha acquisito MHz Invensys tramite una transazione in azioni, acquisendo principalmente la loro proprietà intellettuale in soluzioni di comunicazione wireless. L'acquisizione mira a rafforzare le capacità di ConnectM nel monitoraggio intelligente e nelle Infrastrutture di Misurazione Avanzata (AMI).
I fondatori di MHz Invensys, Kiran Kumar e Mahesh Oni, entreranno a far parte di ConnectM come dipendenti. La tecnologia RF mesh-based dell'azienda consente letture di contatori su scala multi-miliardaria ogni mezz'ora e supporta milioni di contatori intelligenti con comunicazione bidirezionale per sistemi di pre-pagamento.
ConnectM prevede un ulteriore 15 milioni di dollari di entrate dal verticale AMI entro il 2027. Si prevede che il mercato globale dell'AMI raggiunga 47,5 miliardi di dollari entro il 2030, con una crescita di un CAGR del 16,1% dal 2024 al 2030. L'acquisizione permetterà a ConnectM di espandersi in mercati adiacenti, inclusi il monitoraggio delle reti solari, IoT/Industrial IoT, Energie Rinnovabili e AMI per acqua e gas.
ConnectM Technology Solutions (NASDAQ: CNTM) ha adquirido MHz Invensys a través de una transacción accionaria, adquiriendo principalmente su propiedad intelectual en soluciones de comunicación inalámbrica. La adquisición tiene como objetivo fortalecer las capacidades de ConnectM en la medición inteligente y la Infraestructura de Medición Avanzada (AMI).
Los fundadores de MHz Invensys, Kiran Kumar y Mahesh Oni, se unirán a ConnectM como empleados. La tecnología basada en RF mesh de la empresa permite lecturas de medidores a escala multimillonaria cada media hora y soporta millones de medidores inteligentes con comunicación bidireccional para sistemas de prepago.
ConnectM proyecta ingresos adicionales de 15 millones de dólares del vertical AMI para el 2027. Se espera que el mercado global de AMI alcance 47,5 mil millones de dólares para el 2030, creciendo a una tasa compuesta anual (CAGR) del 16,1% desde 2024 hasta 2030. La adquisición permitirá a ConnectM expandirse a mercados adyacentes, incluidos la monitorización de redes solares, IoT/IoT industrial, energías renovables, y AMI para agua y gas.
ConnectM 테크놀로지 솔루션 (NASDAQ: CNTM)이 MHz 인벤시스를 전액 주식 거래를 통해 인수하여 주로 무선 통신 솔루션의 지적 재산을 획득했습니다. 이번 인수는 ConnectM의 스마트 계량 및 고급 계량 인프라(AMI) 역량을 강화하는 것을 목표로 하고 있습니다.
MHz 인벤시스의 창립자인 키란 쿠마르와 마헤시 오니는 ConnectM에 직원으로 합류합니다. 회사의 RF 메쉬 기반 기술은 매반기마다 수억 개의 계량기를 읽을 수 있게 하며, 선불 시스템을 위한 양방향 통신을 통해 수백만 개의 스마트 계량기를 지원합니다.
ConnectM은 2027년까지 AMI 분야에서 1500만 달러의 추가 수익을 예상하고 있습니다. 글로벌 AMI 시장은 2030년까지 475억 달러에 이를 것으로 예상되며, 2024년부터 2030년까지 연평균 성장률(CAGR) 16.1%로 성장할 것입니다. 이 인수는 ConnectM이 태양광 그리드 모니터링, IoT/산업 IoT, 재생 가능 에너지 및 수도 및 가스 AMI를 포함한 인접 시장으로 확장할 수 있게 할 것입니다.
ConnectM Technology Solutions (NASDAQ: CNTM) a acquis MHz Invensys par le biais d'une transaction entièrement en actions, acquérant principalement leur propriété intellectuelle dans les solutions de communication sans fil. Cette acquisition vise à renforcer les capacités de ConnectM en matière de comptage intelligent et d'infrastructure de comptage avancée (AMI).
Les fondateurs de MHz Invensys, Kiran Kumar et Mahesh Oni, rejoindront ConnectM en tant qu'employés. La technologie basée sur RF mesh de l'entreprise permet des lectures de compteurs à une échelle de plusieurs milliards toutes les demi-heures et prend en charge des millions de compteurs intelligents avec une communication bidirectionnelle pour les systèmes de prépaiement.
ConnectM projette un revenu supplémentaire de 15 millions de dollars du secteur AMI d'ici 2027. Le marché mondial de l'AMI devrait atteindre 47,5 milliards de dollars d'ici 2030, enregistrant un taux de croissance annuel composé (CAGR) de 16,1 % de 2024 à 2030. Cette acquisition permettra à ConnectM de s'étendre à des marchés adjacents, y compris la surveillance des réseaux solaires, l'IoT/l'IoT industriel, les énergies renouvelables et l'AMI pour l'eau et le gaz.
ConnectM Technology Solutions (NASDAQ: CNTM) hat MHz Invensys durch eine Transaktion in Aktien übernommen, hauptsächlich um deren geistiges Eigentum im Bereich der drahtlosen Kommunikationslösungen zu erwerben. Die Übernahme zielt darauf ab, die Fähigkeiten von ConnectM im Bereich Smart Metering und Advanced Metering Infrastructure (AMI) zu stärken.
Die Gründer von MHz Invensys, Kiran Kumar und Mahesh Oni, werden als Mitarbeiter zu ConnectM stoßen. Die RF-Mesh-basierte Technologie des Unternehmens ermöglicht milliardenschwere Zählerstände alle halbe Stunde und unterstützt Millionen von Smart Metern mit bidirektionaler Kommunikation für Prepaid-Systeme.
ConnectM rechnet mit zusätzlichen 15 Millionen Dollar Umsatz aus dem AMI-Sektor bis 2027. Der globale AMI-Markt wird voraussichtlich bis 2030 47,5 Milliarden Dollar erreichen und von 2024 bis 2030 mit einer CAGR von 16,1% wachsen. Die Übernahme wird es ConnectM ermöglichen, in angrenzende Märkte zu expandieren, einschließlich der Überwachung von Solarnetzen, IoT / Industrie-IoT, erneuerbaren Energien sowie Wasser- und Gas-AMI.
- Projected additional revenue of $15M from AMI vertical by 2027
- Expansion into growing markets (solar grid monitoring, IoT, renewables)
- Acquisition of valuable intellectual property in wireless communications
- Entry into AMI market projected to reach $47.5B by 2030 (16.1% CAGR)
- Retention of MHz Invensys founders as employees
- All-stock transaction structure may lead to shareholder dilution
Insights
The strategic acquisition of MHz Invensys marks a pivotal moment for ConnectM, with several key financial and strategic implications worth noting. The structure as an all-stock transaction is particularly shrewd for a company with a
The projected
The acquisition brings three strategic advantages:
- Immediate technical IP enhancement in RF mesh-based solutions, critical for large-scale meter deployment
- Expansion capability into adjacent high-growth markets including solar grid monitoring and Industrial IoT
- Retention of key technical founders, providing continuity and innovation potential
The timing aligns well with the accelerating electrification trend and growing demand for smart infrastructure solutions. The focus on bi-directional communication and pre-payment systems positions ConnectM to capitalize on the evolving utilities landscape, particularly in emerging markets where pre-paid solutions are gaining traction.
The RF mesh technology acquired through MHz Invensys represents a significant technological leap for ConnectM's AMI capabilities. The ability to process multi-billion scale meter readings every half hour demonstrates robust scalability and reliability - critical factors for utility infrastructure. The mesh network architecture provides distinct advantages over traditional point-to-point systems, offering enhanced reliability through multiple communication pathways and self-healing capabilities.
The technology stack's versatility is particularly noteworthy, supporting:
- Real-time data collection and analysis for energy usage optimization
- Bidirectional communication enabling dynamic load management
- Pre-payment system integration for improved revenue assurance
- Adaptability for various utility types (electricity, water, gas)
The integration potential with ConnectM's existing AI-powered platform creates a compelling technical synergy, potentially enabling advanced analytics and predictive maintenance capabilities. This combination could provide a competitive edge in the rapidly evolving smart grid market, particularly as utilities increasingly focus on grid modernization and renewable energy integration.
Company Expected to Generate an Additional
Acquisition Bolsters ConnectM’s Wireless Solutions for Smart Metering and Allows Expansion into Key Adjacent Markets
TAM for the Global Advanced Metering Infrastructure Market Predicted to be North of
MARLBOROUGH, Mass., Jan. 27, 2025 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) (“ConnectM” or the “Company”), a leader in the electrification economy, today announced the recent acquisition of MHz Invensys, a renowned developer of high-performing wireless communication products and solutions. ConnectM has entered an all-stock transaction in exchange for all of MHz Invensys’ assets, comprised primarily of intellectual property. The two founders, Kiran Kumar and Mahesh Oni, will stay on as employees of ConnectM. This strategic acquisition aims to bolster ConnectM’s capabilities in effectively delivering wireless communication, particularly in the smart metering/Advanced Metering Infrastructure (“AMI”) vertical. AMI enables two-way communication between smart meters and utility companies. This infrastructure collects, stores, analyzes, and presents energy usage data in real-time, allowing for more efficient and accurate monitoring of electricity, gas, and water consumption.
MHz Invensys has established technology leadership in the energy sector, addressing the complexities of traditional energy metering protocols with its advanced RF mesh-based product and solution designs. This proven technology architecture enables multi-billion scale meter readings every half hour and supports millions of smart meters with bidirectional communication for pre-payment systems.
Stellar Market Research predicts the global AMI market size to reach
“We are excited to welcome Kiran and Mahesh, the founders of MHz Invensys, to the ConnectM family,” said Bhaskar Panigrahi, CEO and Chairman of ConnectM. “Their company’s innovative solutions and expertise in the Smart Metering domain coupled with ConnectM’s AI-powered platform will significantly enhance the offerings in our Building Electrification segment and enable us to deliver even greater value to our customers.”
About ConnectM Technology Solutions, Inc.
ConnectM is a pioneer in the electrification economy, integrating energy assets with its AI-driven technology platform. Focused on delivering solutions that drive efficiency, affordability, and sustainability, ConnectM serves home, facility, and fleet across three major segments: Building Electrification, Distributed Energy, and Transportation and Logistics. The company’s vertically integrated approach combines technology, service/distribution networks, and strategic partnerships to accelerate the transition to an all-electric energy economy.
For more information, please visit: www.connectm.com. Stockholders looking to receive Company updates directly to their inbox should sign up here.
About Mhz Invensys
Mhz Invensys was established by a team with extensive experience in deploying large IoT networks globally. The team at Mhz Invensys understands the unique challenges of last-mile connectivity. Mhz Invensys offers its innovative technology to device manufacturers, communication platform providers, backhaul service enablers, and business-specific application providers such as HES (Head-End Systems), MDMS (Meter Data Management Systems), and analytics platforms.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). We have based these forward-looking statements on our current expectations and projections about future events. All statements, other than statements of present or historical fact included in this press release, regarding our future financial performance and our strategy, expansion plans, future operations, future operating results, estimated revenues, losses, projected costs, prospects, plans and objectives of management are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "could," "would," "expect," "plan," "anticipate," "intend," "believe," "estimate," "continue," "project" or the negative of such terms or other similar expressions. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. We caution you that the forward-looking statements contained herein are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. In addition, we caution you that the forward-looking statements regarding the Company contained in this press release are subject to the risks and uncertainties described in the "Cautionary Note Regarding Forward-Looking Statements" section of the Current Report on Form 8-K filed with the Securities and Exchange Commission on July 18, 2024. Such filing identifies and addresses other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and ConnectM is under no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Contact:
MZ North America
(203) 741-8811
ConnectM@mzgroup.us
1 “Advanced Metering Infrastructure Market: Global Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, and Region,” Stellar Market Research (2024).
FAQ
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