Add-on Acquisition • Business Services

ConnectM Acquires CER

On May 15, 2025, ConnectM acquired business services company CER

Acquisition Context

This is ConnectM’s 2nd transaction in the Business Services sector.
This is ConnectM’s 2nd transaction in India.

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M&A Deal Summary
Date	May 15, 2025
Target	CER
Sector	Business Services
Buyer(s)	ConnectM
Deal Type	Add-on Acquisition

Target Company

CER

New Delhi, India

CER is an Energy-Management-as-a-Service (EMaaS) provider. CER delivers integrated clean energy solutions for enterprises and telecom operators, including the development and management of distributed solar projects and the deployment of energy-efficient power systems for 5G telecommunications infrastructure. CER is based in New Delhi.

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Buyer Overview 1

Buyer

ConnectM

Marlborough, Massachusetts, United States

Category	Company
Founded	2007
Sector	Software
Employees	158
Revenue	23M USD (2024)

DESCRIPTION

ConnectM is a clean energy technology and solutions provider for residential and light commercial buildings and all-electric original equipment manufacturers. ConnectM was founded in 2007 and is based in Marlborough, Massachusetts.

Deal Context for Buyer	#
Overall	3 of 5
Sector: Business Services	2 of 2
Type: Add-on Acquisition	3 of 5
Country: India	2 of 3
Year: 2025	3 of 5

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2025-05-06	Air Temp Little Falls, New Jersey, United States Air Temp is an HVAC service provider specializing in heating, cooling, and air quality solutions for residential and commercial properties. Air Temp is based in Little Falls, New Jersey.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2025-05-06

Air Temp

Little Falls, New Jersey, United States

Air Temp is an HVAC service provider specializing in heating, cooling, and air quality solutions for residential and commercial properties. Air Temp is based in Little Falls, New Jersey.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2025-11-03	Amperics Livermore, California, United States Amperics is a developer of next-generation hybrid battery-supercapacitor technology. Amperics is based in Livermore, California.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2025-11-03

Amperics

Livermore, California, United States

Amperics is a developer of next-generation hybrid battery-supercapacitor technology. Amperics is based in Livermore, California.

Buy

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