Blue Cloud Softech to acquire Global Impex, bets on AI-led elean energy infra

Blue Cloud Softech Solutions Ltd (BCSSL), a small-cap IT and infrastructure solutions company, on Tuesday declared a definitive agreement framework to acquire 100% of Global Impex Inc (GIX) from US-based ConnectM Technology Solutions, marking a strategic push into clean energy and mobility infrastructure.

The proposed transaction, structured as an all-equity share swap, is subject to completion of due diligence, execution of definitive agreements, and receipt of corporate, regulatory and shareholder approvals under applicable laws.

Global Impex houses ConnectM’s India-focused operating assets, including electric mobility solutions, rooftop solar and clean energy businesses (CER and CER Rooftop), distributed microgrids, Geo Impex infrastructure assets and related operating companies. It also holds exclusive India licences for select proprietary technologies developed by ConnectM and its wholly owned subsidiary Keen Labs.

BCSSL said the acquisition will form the backbone of a dedicated “Blue Energy” vertical, aimed at building a scalable, technology-driven clean energy platform. The company plans to target data centres, industrial customers, mobility and electric vehicle ecosystems, energy storage systems, and software-led energy management solutions across India and international markets.

The board reviewed the proposal and aligned it with the company’s long-term portfolio strategy and SPV-based value creation model outlined in its January 2026 Investor Memorandum. The transaction is expected to consolidate clean energy, mobility and distributed infrastructure assets under a unified structure, while integrating advanced capabilities in virtual power plants (VPPs), battery systems, smart mobility and AI-driven energy management sourced from ConnectM and Keen Labs.

BCSSL added it intends to leverage its existing government and enterprise relationships, including public sector undertakings and telecom sector clients, to accelerate deployment. The company added that the tangible and intangible assets from GIX could also complement its upcoming AI-enabled data centre initiatives and strengthen its balance sheet.

For ConnectM, the transaction is expected to simplify its corporate structure and sharpen its focus on US and other international markets, while retaining exposure to India’s energy transition through equity ownership and licensing arrangements.

Bhaskar Panigrahi, Chairman and CEO of ConnectM, said that the deal enables the company to "sharpen its focus on high-growth U.S. opportunities and strengthen long-term value creation for our shareholders.”

Janaki Yarlagadda, Chairman of BCSSL, said the acquisition strengthens the company’s clean energy and mobility portfolio and supports its ambition to build a diversified, technology-led platform.

Post-completion, BCSSL plans to house the acquired assets under the Blue Energy vertical and, where appropriate, create special purpose vehicles (SPVs) to enable targeted capital raising from infrastructure and climate-tech investors. The structure is also expected to support expansion of EV, microgrid, storage and VPP deployments across India, along with potential strategic partnerships and capital market initiatives over the medium term.

The companies will now undertake financial, legal, tax, technical and regulatory due diligence and seek required approvals from shareholders, stock exchanges and regulators, including the Securities and Exchange Board of India and the Reserve Bank of India.