Vertiv Announces Agreement to Acquire UtilityInnovation Group to Accelerate Time to Power for AI Data Centers

• ~$1.45 billion acquisition expected to expand Vertiv’s addressable opportunity in power-constrained data centers
• Adds microgrid controls, onsite generation orchestration, microgrid-specific switchgear and behind-the-meter power architecture to Vertiv's portfolio
• Extends Vertiv's power and cooling portfolio from grid interconnect to chip, independent of any single generation technology or supplier
• UIG's proven team and proprietary technology expected to help customers accelerate time to power through grid-connected or grid-independent architectures

Vertiv Holdings Co. (NYSE: VRT) ("Vertiv"), a global leader in critical digital infrastructure, announced its wholly-owned subsidiary, Vertiv Corporation, has entered into an agreement and plan of merger to acquire Utility Innovation Holdings, Inc., which operates as UtilityInnovation Group ("UIG"), a leader in microgrid solutions, advanced power controls and behind-the-meter power architecture design for data centers, for approximately $1.45 billion in cash at closing, with additional consideration of up to $1.15 billion in cash based on achieving certain earnings before interest, taxes, depreciation and amortization ("EBITDA") targets over 12- and 24-month periods.

At the approximately $1.45 billion purchase price, the acquisition represents approximately 13x expected UIG 2027 EBITDA. The EBITDA multiple is anticipated to be significantly lower if the full earnout is paid. Vertiv expects the acquisition to be accretive to adjusted earnings per share in the first year following completion. Strategically, the acquisition extends Vertiv upstream to the grid interconnect, adding microgrid controls, onsite generation and energy storage orchestration, and behind-the-meter power architecture. These capabilities are expected to help data center operators secure power faster as grid constraints increasingly limit AI infrastructure deployment.

As power availability becomes a more critical factor in data center development, architecture decisions are moving earlier in the planning process. Microgrid systems can coordinate onsite generation and energy storage, reduce reliance on utility power and support the grid when needed. This is expanding the importance of power architecture at the earliest stages of site development, when decisions can have significant implications for downstream infrastructure.

"For AI data center operators, competitive advantage increasingly depends on how quickly they can move from site selection to first token," said Gio Albertazzi, Chief Executive Officer, Vertiv. "Vertiv has the most complete power and cooling portfolio in the industry. With UIG, we anticipate extending that portfolio upstream to the utility interconnect and onsite power sources, creating a coordinated architecture from source to chip without tying customers to a single generation technology or supplier."

Albertazzi continued: "Together, we anticipate being better positioned to support grid-connected sites, bridge-to-grid deployments and islanded sites supplied by onsite generation, while reducing complexity from site planning through rack-level deployment. This broader capability can help customers accelerate time to power and, ultimately, time to first token."

UIG Founder and CEO Sidney Hinton added: "UIG was founded to solve increasingly complex power challenges for data center operators through flexible, technology-agnostic architectures. Vertiv's global scale, critical infrastructure portfolio and service capabilities make it a strong strategic fit for what we have built. We believe this combination can expand the reach of UIG's microgrid controls and power architecture expertise and create greater value for customers as power becomes an increasingly critical constraint on data center growth."

Expanding Vertiv's Onsite Power Capabilities

UIG's expertise and technologies complement Vertiv's existing offerings:

• Experience: Design and delivery of microgrid systems for AI data center operators across the United States and Europe, supported by extensive utility relationships and experience with complex, large-scale deployments. UIG's designs are generation-agnostic, allowing architectures to be built around the technologies a site can permit, fuel and finance.
• Expertise: Behind-the-meter power architecture design that engages customers at the earliest planning stages, before equipment is selected. This enables Vertiv to help define the power blueprint that shapes downstream infrastructure decisions, supported by pre-validated reference designs for grid-connected, bridge-to-grid and islanded sites.
• Technology: Proprietary controls platform and pre-engineered microgrid switchgear that orchestrate multiple power sources in real time and coordinate them with the critical power train.

Today, Vertiv brings deep systems and controls expertise across the critical power train, supported by an end-to-end power and cooling portfolio and global service network. Combined with UIG, Vertiv expects to help customers design and deploy integrated power architectures that improve speed, resiliency, efficiency, and flexibility.

Expected customer and operator benefits include:

• Faster access to power with less dependence on utility interconnection timelines
• Ability to scale site capacity beyond what the grid alone can provide
• A single accountable relationship from grid interconnect through rack-level infrastructure

Together, these capabilities are expected to give customers greater flexibility in how they source, manage and scale power as data center requirements evolve.

About UIG

Founded in 2020, UIG is headquartered in Raleigh, North Carolina, with European headquarters in Dublin, Ireland, and manufacturing operations in North Carolina and New Jersey. The company designs and delivers power systems that support real-time load and frequency balancing across behind-the-meter systems and utility-connected energy resources, helping address the power demands of AI data center workloads. Its solutions include proprietary controls software, customized microgrid switchgear and energy storage.

The transaction is subject to regulatory approvals and customary closing conditions and is expected to close in the fourth quarter of 2026.

J.P. Morgan Securities LLC is acting as financial advisor to Vertiv, and Buchanan Ingersoll & Rooney PC is serving as legal counsel. Morgan Stanley & Co. LLC is acting as financial advisor to UIG, and Davis Polk & Wardwell LLP is serving as legal counsel.

For more information on Vertiv's leading portfolio of power and thermal management, infrastructure solutions, IT systems, and services for critical digital applications, visit Vertiv.com.

About Vertiv

Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com. 

Global Tech Giants Back India’s $200B Data Centre Future

Commerce Minister Piyush Goyal has pitched India as a “trusted destination” for global data centres, highlighting investment commitments worth nearly $200 billion from hyperscalers like Google, Microsoft, Amazon, and Digital Connexion. He made this pitch during his Japan visit, inviting Japanese firms to partner in AI, semiconductors, and digital infrastructure.

The minister invited Japanese companies to partner with India in data centres, AI and semiconductors, highlighting around $200 billion in hyperscaler investment commitments.

Key Highlights of Goyal’s Pitch

Piyush Goyal in the Fireside Chat with Nikkei Asia in Tokyo on the India-Japan Next Generation Economic Partnership.

• Investment Commitments: Around $200 billion pledged by global hyperscalers for India’s data centre ecosystem.
• Major Announcements (Oct–Dec 2025):
  • Google: $15 billion
  • Microsoft: $17.5 billion
  • Amazon: $35 billion
  • Digital Connexion: $11 billion
• Policy Incentives: Indian government has proposed a tax holiday for data centres until 2047.
• Strategic Partnership: Goyal met Japanese Economy Minister Akazawa Ryosei, outlining four pillars of cooperation — trade, technology, investment, and tourism.
• Sectoral Focus: Collaboration in AI, semiconductors, and digital ecosystems, with India’s demand estimated at $150 billion.

Why India is Emerging as a Data Centre Hub

• Trusted Destination: India is positioning itself as a reliable partner amid global supply chain realignments.
• Policy Push: Incentives like tax holidays, renewable energy integration, and subsea cable projects.
• Talent Pool: India offers a large base of engineers, AI specialists, and IT professionals.
• Geopolitical Advantage: Seen as a safe harbour for digital infrastructure compared to other Asian hubs.

Comparison of Hyperscaler Investments in India

Company	Investment Size	Focus Area	Timeline
Google	$15B	AI & cloud infra (Vizag hub)	By 2028
Microsoft	$17.5B	AI-ready data centres	By 2029
Amazon	$35B	Hyperscale cloud infra	By 2030
Digital Connexion	$11B	AI infra & subsea cables	By 2029

Risks & Challenges

• Water & Energy Security: Large-scale AI data centres demand sustainable cooling and renewable energy.
• Execution Risk: Scaling commitments to operational capacity within tight timelines.
• Global Competition: India must compete with hubs in Singapore, UAE, and the U.S. for capital.

Vertiv and IIT Madras Expand Data Center Skills Program to Maharashtra With RTMSSU Partnership

Vertiv's skills development funding program expands into Maharashtra to equip engineering students in data center operations and digital infrastructure management

Vertiv (NYSE: VRT), a global leader in critical digital infrastructure, supports the expansion of IIT Madras Pravartak Technologies Foundation's data center skilling initiative into Maharashtra through its corporate social responsibility (CSR) program. As part of this initiative, IIT Madras Pravartak Technologies Foundation also signed a Memorandum of Understanding (MoU) with the Ratan Tata Maharashtra State Skills University (RTMSSU) in the presence of Maharashtra Governor, Jishnu Dev Varma, during the "Start-up Frontier 1.0" exhibition and conference held at the Y B Chavan Auditorium in Mumbai last July 10, 2026.
Vertiv has partnered with IIT Mumbai, IIT Madras Pravartak Technologies Foundation, and IIT (BHU) to help engineering students build practical skills in data center operations and AI-ready infrastructure. Through hands-on training and industry exposure, these initiatives prepare students for careers in the digital infrastructure industry.
Leveraging its deep expertise in power, cooling, and IT infrastructure, Vertiv will provide free skill development training to 1,500 engineering students in data center operations and digital infrastructure management in 2026. This builds on the collaboration launched by Vertiv and IIT Madras Pravartak Technologies Foundation in 2025 to strengthen India's pipeline of skilled talent for the rapidly growing digital infrastructure sector. RTMSSU will leverage its network of pre-incubation centers across 60 colleges in Maharashtra to extend the program's reach. Students will receive certified online training along with internship and mentorship opportunities designed to prepare them for careers in data center operations and digital infrastructure management.
Speaking about the initiative, Dr. A S Prasad, vice president product management and engineering, Vertiv India, said,
"India's digital infrastructure growth is creating increasing demand for professionals with specialized skills in data center operations and management. At Vertiv, we believe that building this talent pipeline requires close collaboration between the academia and industry. Through this initiative, we provide engineering students with practical knowledge, industry exposure and the skills needed to contribute to India's evolving digital infrastructure ecosystem. We are pleased to support IIT Madras Pravartak Technologies Foundation and Ratan Tata Maharashtra State Skills University in expanding this program to Maharashtra and enabling more students to prepare for careers in this high-growth sector."
Dr. M.J. Shankar Raman, chief executive officer, IIT Madras Pravartak Technologies Foundation, added,
"As artificial intelligence continues to redefine industries and economies, data centers have become central to this digital transformation. This rapid growth has created an urgent need for skilled specialists who can operate and maintain these essential facilities. Through this program, we are dedicated to building a workforce that supports India's AI ambitions with the technical talent required to sustain them."
For more information about Vertiv and career opportunities, visit Vertiv.com.

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About Vertiv

Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers’ vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com

Forward-looking statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Those risk factors could cause actual results to differ materially from historical performance. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

About IIT Madras

Indian Institute of Technology Madras (IITM) was established in 1959 by the Government of India as an 'Institute of National Importance.' The activities of the Institute in various fields of Science and Technology are carried out in 18 academic departments and several advanced interdisciplinary research academic centres. The Institute offers undergraduate and postgraduate programmes leading to B.Tech., M.Sc., M.B.A., M.Tech., M.S., and Ph.D. degrees in a variety of specializations. IITM is a residential institute with more than 650 faculty and 10,000 students, with students from 18 countries enrolled. IITM fosters an active entrepreneurial culture with strong curricular support and through the IITM Incubation Cell. In 2023, IIT Madras became the first IIT to establish an international campus, in Zanzibar, Tanzania, called 'IIT Madras Zanzibar.'

IIT Madras Pravartak Technologies Foundation

IITM Pravartak Technologies Foundation is a Section 8 company housing the Technology Innovation Hub on Sensors, Networking, Actuators, and Control Systems (SNACS). It is funded by the Department of Science and Technology, Government of India, under the National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS), and is hosted as a Technology Innovation Hub (TIH) by IIT Madras. The NM-ICPS is a comprehensive Mission aimed at complete convergence with all stakeholders by establishing strong linkages between academia, industry, Government, and International Organizations.

Ratan Tata Maharashtra State Skills University (RTMSSU)

Ratan Tata Maharashtra State Skills University (RTMSSU) is a state skills university set up by the Government of Maharashtra to expand vocational and technical skilling, entrepreneurship, and innovation capacity across the state, including through pre-incubation centers established across 60 affiliated colleges.

For media inquiries, please contact:

Himanshu Gonsola
Adfactors PR
E: Himanshu.gonsola@adfactorspr.com
MEDIA CONTACT FOR IIT MADRAS
IIT Madras Media Cell — Email: media.iitmadras@imail.iitm.ac.in / Landline: 044 2257 9785
MEDIA CONTACT FOR RTMSSU
Email – contact@mssu.ac.in | Phone: 8655946646/47

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Vertiv News Release

Vertiv Expands Global Manufacturing Capacity for AI-Ready Data Center Cooling Solutions

• Expansions at the company's Tognana, Italy, technology campus support growing worldwide demand for advanced thermal infrastructure and strengthen Vertiv's cooling innovation capabilities

Vertiv (NYSE: VRT), a global leader in critical digital infrastructure, announced investments at its Tognana campus near Padua, Italy, to expand manufacturing and integrated testing capabilities for data center cooling systems. The company expects the investments to double chiller production capacity in the region by the end of 2026 and plans to complete a new large-scale testing laboratory in early 2027, supporting growing demand for AI and high-density computing infrastructure.

The new laboratory will enable testing of large-scale chillers and validate their integration with liquid cooling systems under high-density load conditions and extreme temperature ranges. The expanded capability is intended to help customers validate thermal performance under expected site conditions and deploy increasingly complex cooling systems with greater speed and confidence.

Vertiv expects to double regional chiller manufacturing capacity with the expansion of its Tognana, Italy facility

"AI is driving thermal demands that didn't exist two years ago, with higher densities, faster deployment demands, and no room to compromise on reliability," said Gio Albertazzi, CEO of Vertiv. "The expansion at Tognana puts us further ahead with more manufacturing capacity, integrated testing, and advanced thermal management systems built for current and future generations of silicon. This investment reinforces our position at the front of the curve."

The campus serves as one of Vertiv's principal centers for cooling technology development, integrating research and development, product management, manufacturing, testing, and customer engagement. The site includes a Customer Experience Center where customers and consultants can participate in witness testing of a broad range of cooling technologies across the thermal chain under real-world operating conditions.

For more information on Vertiv’s leading portfolio of power and thermal management, infrastructure solutions, IT systems, and services for critical digital applications, visit Vertiv.com.

Australia’s AirTrunk to Invest $30B in India, One of the Largest Commitments to S. Asia’s Digital Infra Sector

Blackstone-backed hyperscale operator AirTrunk has announced a landmark plan to invest $30 billion (₹3 lakh crore) in India by 2030, building over 5 GW of data centre capacity across multiple states to support AI and cloud infrastructure growth. This marks one of the largest digital infrastructure commitments in India’s history and to the South Asian nation’s digital infrastructure sector.

AirTrunk is a Sydney-based hyperscale data centre operator, founded in 2015 by Robin Khuda, and acquired by Blackstone and CPP Investments in 2024. It has rapidly expanded across Asia-Pacific and the Middle East, positioning itself as a leading provider of large-scale, sustainable cloud infrastructure.

In April this year, AirTrunk acquired Lumina CloudInfra to gain a 600 MW pipeline in Mumbai, Chennai, and Hyderabad. AirTrunk is one of the largest hyperscale operators in the Asia-Pacific & Middle East region, serving global cloud providers and enterprises.

Key Details of AirTrunk’s India Investment

• Scale of Investment: $30 billion (₹3 lakh crore) by 2030
• Capacity Target: More than 5 GW of hyperscale data centres
• Backers: Supported by Blackstone and CPPIB
• Entry into India: Acquired Lumina CloudInfra in April 2026 (600 MW pipeline)
• Strategic Focus: Expansion across states, renewable energy, subsea cable access
• Government Support: Welcomed by PM Modi

Why India?

• AI & Cloud Demand: India emerging as global hub
• Policy Frameworks: IndiaAI Mission (₹10,000 crore), Semiconductor Mission (₹76,000 crore)
• Talent & Energy: Skilled workforce and renewable energy
• Geopolitical Advantage: Safe harbour for investments

Economic & Strategic Impact

• Job Creation: Tens of thousands expected
• Supply Chain Localization: Boost to domestic suppliers
• Global Positioning: Strengthens India’s AI role
• Regional Competition: Competing with Google, Reliance, Adani

Comparison of Mega Data Centre Investments in India

Company	Investment Size	Capacity Target	Location Focus	Timeline
AirTrunk	$30B (₹3 lakh crore)	5 GW	Multi-state (Mumbai, Chennai, Hyderabad + expansion)	By 2030
Google	$15B	1 GW	Vizag	Ongoing
Reliance	₹1.08 lakh crore ($13B)	Giga-scale campus	Vizianagaram	Approved May 2026
Adani	$100B	Hyperscale AI-ready	Pan-India	By 2035

Risks & Challenges

• Power & Water Security: Renewable energy and desalination needed
• Regulatory Approvals: Streamlined clearances critical
• Global Competition: Competing with Singapore, UAE, US
• Execution Risk: Scaling from 600 MW to 5 GW

AirTrunk operates hyperscale data centres in Australia, Singapore, Japan, Hong Kong, Malaysia, and India. The Australian company provides colocation solutions for cloud, content, and enterprise customers, with real-time hyperscale capacity deployment.

AirTrunk was officially acquired by Blackstone and CPP Investments in December 2024. The deal gave Blackstone majority control of the Sydney-based hyperscale operator, marking one of the largest private equity transactions in Asia-Pacific’s digital infrastructure sector.This acquisition positioned AirTrunk to accelerate its Asia-Pacific and Middle East expansion, including its landmark $30B India investment plan by 2030.

Reliance Secures ₹1.08 Lakh Cr Andhra Pradesh Approval for Giga‑Scale AI Data Center and Cable Landing Station

• 854-acre mega campus in Vizianagaram to anchor one of India’s largest AI infrastructure investments

In a landmark move that could reshape India’s AI and digital infrastructure landscape, the Andhra Pradesh government has approved the allotment of nearly 855 acres of land to Reliance Industries Ltd for the development of a giga-scale AI Data Center (AIDC) and Cable Landing Station (CLS) in Vizianagaram district.

The project, carrying a proposed cumulative investment of ₹1,08,010 crore, marks one of the largest AI and data center investments announced in India so far and significantly strengthens Andhra Pradesh’s ambition to emerge as the country’s leading AI and digital infrastructure hub.

Under G.O. Ms No. 30 issued by the IT, Electronics & Communications Department on May 20, 2026, the state approved the allotment of 854.97 acres across Polipalli, Bhogapuram West and Bhogapuram East villages in Vizianagaram district for the project. The proposal also includes a dedicated Cable Landing Station — a critical component that would directly connect Andhra Pradesh to global internet and data traffic networks.

The approval comes as Andhra Pradesh aggressively positions Vizag and the north coastal belt as India’s next-generation AI and hyperscale data center corridor, leveraging abundant renewable energy, port connectivity, subsea cable access, and large land parcels.

Tailor-Made Incentives for Mega AI Investment

The state government has extended a customized package of fiscal and non-fiscal incentives to Reliance under the Andhra Pradesh Data Center Policy 4.0 (2024–29), which was designed to attract advanced AI-enabled data center projects.

Among the key incentives approved:

• 25% discount on land allotment value
• 100% exemption on stamp duty and registration charges
• ₹1 per unit power tariff subsidy for 15 years
• Exemption from transmission and wheeling charges for 20 years
• Electricity duty exemption for 15 years
• SGST reimbursements on construction and leasing
• Water tariff subsidy and long-term water supply support
• OPGW fibre access discounts and right-of-way fee waivers

The government has also directed APTRANSCO to facilitate grid infrastructure development for the campus, while APIC has been asked to explore joint ownership models for a desalination plant to support the project’s long-term water requirements.

Larsen & Toubro Vyoma Partners Open Dhi to Strengthen India’s Sovereign Digital Ecosystem

Larsen & Toubro Vyoma (Vyoma), L&T’s sovereign AI cloud and digital infrastructure business, has partnered with Open Dhi Group to host and scale the latter’s enterprise and retail technology platforms on secure, India-based infrastructure.

As enterprises accelerate AI adoption, digital transformation and omni-channel commerce, demand for unified, sovereign and cost-efficient digital architecture is rising. The partnership combines Vyoma’s sovereign cloud with Open Dhi’s enterprise and marketplace platforms, enabling scalable digital ecosystems with assured data residency in India.

Open Dhi will deploy its platforms — DhiERP+ (AI-enabled open-source enterprise ERP), DhiADT+ (Workforce governance and global payroll platform) and Bhaiyaa (Hyperlocal omni- channel marketplace platform) — on Vyoma Cloud within its ‘Double Sandwich Technology’ architecture, integrating a marketplace layer, AI-led enterprise systems and sovereign cloud infrastructure.

This enables enterprises to improve revenue, optimise cost and strengthen governance, while retaining control over their data. The combined offering provides a unified digital foundation for enterprises to scale operations, improve transparency and manage end-to- end workflows.

Commenting on this, Seema Ambastha, Chief Executive - Larsen & Toubro Vyoma, said: “Sovereign and resilient cloud infrastructure will be critical as India advances towards an AI-driven economy. Vyoma provides secure, India-hosted infrastructure to support this transition. Our partnership with Open Dhi will enable enterprises to scale on trusted domestic platforms”.

Shrinivas Racha, Founder, Open Dhi Group, said: “This partnership ensures our platforms operate on secure sovereign infrastructure built for scale. Our integrated architecture enables enterprises to drive growth, reduce costs and retain control of their digital ecosystems”.

The collaboration supports India’s push to strengthen domestic digital infrastructure while enabling enterprises to scale in an AI-driven economy.

About Larsen & Toubro Vyoma

Larsen & Toubro Vyoma is L&T’s sovereign, secure and integrated AI cloud and hyperscale data centre business, engineered to deliver AI-ready, high-density compute for India and global enterprises. Built on L&T’s legacy of trust, precision and engineering excellence, Vyoma offers sovereign cloud platforms, GPU-as-a-Service, hyperscale colocation and mission-critical digital infrastructure that powers government, BFSI, healthcare, manufacturing and high-compute industries worldwide.

More here: https://larsentoubrovyoma.com

About Open Dhi Group

Open Dhi Group builds integrated enterprise and marketplace platforms designed to help businesses scale digitally, while maintaining operational control and governance. Its platforms — DhiERP+, DhiADT+ and Bhaiyaa — combine AI-driven enterprise systems, workforce governance technology and hyperlocal digital marketplaces to support India’s evolving enterprise and retail ecosystem.

More here: https://www.opendhi.com

Black Box Acquires Brazil’s 2S Inovações, Expanding Digital Infrastructure and Cybersecurity Capabilities Across Latin America

Black Box Limited (BSE: 500463 | NSE: BBOX), the technology arm of Essar and a leading global provider of digital infrastructure solutions, today announced the successful completion of its acquisition of 2S Inovações Tecnológicas S.A., a leading Brazil-based provider of digital infrastructure, data center networking, cloud, cybersecurity, and managed technology solutions. The acquisition marks a significant milestone in Black Box’s global growth strategy and further advances its long-term objective of achieving US$2 billion in annual revenues by 2030.

The effective date of acquisition is May 1, 2026.

Established in 1992 and headquartered in São Paulo, Brazil, 2S Inovações Tecnológicas delivers end-to-end digital infrastructure solutions spanning consulting and strategy, enterprise and data center networking, cloud and hybrid infrastructure, cybersecurity operations, systems integration, managed services, and lifecycle optimization. The company is recognized for its strong capabilities in mission-critical networking, hyperscale-ready data center infrastructure, collaboration, and security solutions built on leading global technology platforms.

The acquisition significantly strengthens Black Box’s capabilities and market presence across Latin America, particularly in high-growth areas such as data center networking, digital connectivity, cybersecurity, and managed infrastructure services. The transaction also reinforces Brazil’s strategic importance within Black Box’s global operations as enterprises, cloud providers, and hyperscalers continue to invest in next-generation digital infrastructure across the region.

Brazil’s rapidly expanding digital economy, increasing cloud adoption, accelerating AI-driven infrastructure investments, and strong engineering talent base position the country as an important regional hub for digital infrastructure transformation and technology services delivery.

“The acquisition of 2S marks another important milestone in Black Box’s global growth journey and further strengthens our strategic position in the high-growth LATAM market,” said Sanjeev Verma, Whole-Time Director & Chief Executive Officer of Black Box. “2S brings deep expertise in Cisco networking, enterprise and data center infrastructure, cloud, cybersecurity, and managed services, which strongly complements Black Box’s global capabilities across digital infrastructure, networking, connected workspaces, and technology integration.

As enterprises worldwide accelerate investments in AI, cloud, cybersecurity, and digital connectivity, the demand for resilient, scalable, and secure network and data center infrastructure continues to grow significantly. This acquisition enhances our ability to support customers across the full lifecycle of digital infrastructure transformation - from network modernization and data center integration to managed operations and cybersecurity.



This acquisition also reflects our continued focus on disciplined inorganic growth as a key pillar of our long-term strategy. The transaction is expected to contribute approximately Rs. 500 crores in annualised revenues and further strengthens our networking and data center business across Latin America while enhancing our ability to deliver integrated, end-to-end digital infrastructure solutions globally.

Together, we are building a stronger platform to drive innovation, operational excellence, and sustainable long-term value for our customers, partners, and shareholders.”

About Black Box Ltd.

Black Box (BSE: 500463/NSE: BBOX) is a global leader in digital infrastructure solutions, delivering network and system integration, managed services, and technology products to Fortune 100 and top global enterprises. With a presence across the United States, Europe, India, Asia Pacific, the Middle East, and Latin America, Black Box serves businesses across financial services, technology, healthcare, retail, public services, and manufacturing.

Supported by a global team of around 3,600 professionals and strategic partnerships with leading technology providers, Black Box delivers end-to-end solutions in network integration, digital connectivity infrastructure, data centre buildouts, modern workplace solutions, and cybersecurity. Its Technology Products portfolio enhances business operations with cutting edge solutions in AV, IoT, KVM, Networking, Infrastructure, and Cables.

For more information, visit www.blackbox.com

e‑NAM Builds India’s Ist Truly Digital Agri-Marketplace; Connects 1,656 Mandis, ₹4.84 Lakh Cr Trade Across 23 States

The National Agriculture Market (e‑NAM) has transformed agricultural marketing in India by digitizing mandis, enabling transparent price discovery, integrating payments, and linking storage with trade through e‑NWR. It now connects over 1,400 mandis nationwide, empowering farmers with real‑time data, financial inclusion, and national market access.

e‑NAM Achievements by March 2026

• Mandis Integrated: 1,656 mandis across 23 States and 4 Union Territories
• Stakeholder Registrations: Over 1.80 crore farmers, 2.73 lakh traders, and 4,724 Farmer‑Producer Organizations (FPOs)
• Cumulative Trade: 13.25 crore metric tonnes traded, with a total value of ₹4.84 lakh crore between 2016 and March 2026
• Trade Growth: Value rose from ₹3.19 lakh crore in 2024 to ₹4.84 lakh crore in 2026, showing deeper market engagement
• Recent Trade Momentum: 204.76 lakh metric tonnes of produce traded in recent periods by March 2026
• Commodity Coverage: 247 commodities available under mobile‑based price information services via the e‑NAM app

What is e‑NAM?

• Launched: April 14, 2016 by the Government of India
• Implementing Agency: Small Farmers Agribusiness Consortium (SFAC)
• Objective: Create a “One Nation, One Market” framework

Key Digital Features

• Single‑window service for arrivals, assaying, bidding, and payments
• Unique Lot ID tracking for traceability
• Live dashboard with real‑time mandi arrivals, trade volumes, and prices
• 12‑language interface for accessibility
• Inter‑state trade facility via State Unified License

Mobile App & Platform of Platforms (PoP)

• e‑NAM Mobile App launched in 2016, offering price info for 247 commodities
• PoP (2022) integrates logistics, warehousing, grading, packaging, inputs, finance, insurance, and advisory services

Payments & Financial Inclusion

• Supports NEFT, RTGS, internet banking, and UPI
• Direct transfers to farmers’ bank accounts
• Digital records enable access to institutional credit

e‑NWR Integration

• Electronic Negotiable Warehouse Receipt (e‑NWR) certifies stored produce
• Integration with e‑NAM allows trading without physical transport
• Benefits include reduced logistics costs, minimized losses, and collateral for credit

Impact on Agriculture

• Over 1,466 mandis integrated nationwide
• Transparency through dashboards and e‑payments
• Expanded market access and better price realization
• Strengthened agri‑value chain efficiency
• Aligned with Viksit Bharat @ 2047 vision

Conclusion

The e‑NAM ecosystem—portal, mobile app, PoP, e‑payments, and e‑NWR integration—has digitally unified India’s agricultural markets. It empowers farmers with better prices, reduces intermediaries, and strengthens post‑harvest infrastructure. As participation grows, e‑NAM is poised to become the backbone of India’s agricultural trade, ensuring transparency, efficiency, and national connectivity.

Adani in Talks with Meta and Google to Build $100B Data Centers in India

Adani Group is in discussions with Meta and Google to establish partnerships for building large-scale data centers in India, part of Gautam Adani’s broader plan to invest around $100 billion in digital infrastructure. The talks are focused on leveraging Adani’s strengths in land acquisition and renewable energy to support hyperscale facilities that can meet the growing demand for cloud services and artificial intelligence workloads. Walmart-owned Flipkart is also negotiating with Adani for potential data center sites, underscoring the rising importance of India as a hub for digital infrastructure.

These partnerships, if finalized, would position Adani as a key enabler of global technology expansion in South Asia, while also aligning with sustainability goals through renewable energy integration. The group is evaluating multiple states for site development, though no agreements have yet been finalized. The move reflects India’s ambition to become a central player in the global cloud and AI ecosystem, even as other markets like China warn of oversupply in data centers.

Factor	Impact
Partnership with Meta & Google	Strengthens India’s role in global cloud and AI ecosystems
$100B Infrastructure Push	Signals one of the largest private investments in India’s digital economy
Flipkart’s Interest	Expands ecosystem beyond global tech giants to domestic e-commerce
Renewable Energy Integration	Aligns with sustainability goals and reduces operational costs
Site Exploration Across States	Ensures geographic diversification and resilience

This combination of global partnerships, domestic participation, and renewable energy integration could accelerate India’s readiness for cloud adoption and AI infrastructure, while positioning Adani as a central player in the region’s digital economy.

Singapore's RealVantage Enters Digital Infrastructure With $7M Equity Investment in U.S. Data Center

Global real estate investment platform RealVantage (‘RealVantage’, ‘the Company in Singapore’, ‘the Singapore Company’) – which operates as RV SG Pte. Ltd. in Singapore, a private limited company regulated by the Monetary Authority of Singapore and holds a Capital Markets Services license – is pleased to announce that the Singapore Company has allocated USD 7 million in equity capital in a United States 21-megawatt data center asset acquisition structured through global alternative investment firm Arcapita Group Holdings Limited (‘Arcapita’). The asset has a planned expansion from its current 21-megawatt capacity to 31 megawatts, expected to significantly enhance operating income and overall investment value.

The transaction signals RealVantage’s inaugural foray into the powerful digital infrastructure space; extending the Singapore Company’s portfolio exposure towards artificial intelligence-driven structural demand investment opportunities for its platform members beyond traditional real estate sectors. The acquisition reflects RealVantage's continued strategy of partnering with experienced local operators and trusted institutional managers to access high-quality, income-generating assets across developed markets; as well as oversee asset execution and value creation alongside RealVantage's co-investment capital. Ultimately, the investment is structured to deliver both near-term, income-backed returns and meaningful medium-term value uplift to create exit upside via significant operating income and investment value enhancement.

“Digital infrastructure is no longer a peripheral asset class. In fact, it is my belief that the most durable investment opportunities sit at the intersection of technology and real assets. Our entry into digital infrastructure marks a deliberate step towards capturing long-term value created by the AI revolution. The acquisition reflects our conviction in the structural tailwinds driving demand for data centers; demonstrating our commitment to bringing structural institutional-grade investment opportunities we seek to deliver for our platform members across global markets.” – states Keith Ong (‘Keith’), co-founder and group chief executive officer of RealVantage.

Set against a backdrop of high AI adoption and enterprise cloud demand, Minneapolis is a fast-growing data center hub underscored by an established and robust power infrastructure and heightened demand for high-density digital facilities – reflective of the accelerating pace of enterprise cloud migration and AI infrastructure build-out. Benefitting from a strong geographical risk profile with limited natural disaster exposure, Minneapolis remains a hub for a diverse economic base anchored by Fortune 500 companies, leading healthcare institutions and a growing technology sector.

Adds Keith: "Minneapolis is a market that ticks all the boxes for disciplined, digital infrastructure investing. The city's reliable power supply, institutional-grade corporate tenant base, and low-vacancy environment combine to make it one of the most attractive secondary data center markets in the United States. For RealVantage investors, this deal opens a new frontier: exposure to the infrastructure backbone of the AI economy, structured in the same institutional-grade, risk-managed framework that defines everything we do."

Arcapita is a global alternative investments firm with a management track record spanning over 30 years and a total transaction value exceeding $32 billion. The firm operates through offices in the United States, United Kingdom, Saudi Arabia, the United Arab Emirates, and Singapore, with affiliated offices in Bahrain. Arcapita’s investment strategy focuses on private equity and real estate, and this transaction further expands the firm’s portfolio of income-generating assets in markets supported by strong fundamentals, including the accelerating impact of artificial intelligence and digital transformation in the United States.

IFC Backs Mozark’s $40M Series B to Boost Inclusive Digital Infrastructure

• Backed by IFC, RMB Capitalworks and Kalaari Capital, Mozark enables digital experience equity across every touch point in the fast-evolving AI infrastructure.

Mozark, a digital experience testing and measurement company that measures real-world digital performance across devices, networks, and geographies without encroaching user privacy, today announced the close of its $40 million Series B funding round led by IFC and RMB Capitalworks, with continued participation from Kalaari Capital. This fresh infusion of capital will support Mozark’s global expansion and strategic acquisitions.

In today's increasingly borderless and digitally connected world, AI is accelerating the rollout and adoption of digital services across consumer, enterprise, and public sector platforms. From personalized applications to high-security enterprise networks and essential public services, reliable, high-quality digital experiences are now fundamental to economic participation. Yet real-world performance remains uneven across geographies, devices, networks, and infrastructure environments, widening the digital quality divide and limiting adoption, productivity and inclusion.

Mozark addresses this gap by enabling Digital Experience Equity regardless of location, device, or network. Its AI-assisted platform executes real-world testing of critical user journeys at scale, generating synthetic experience telemetry across the full AI-native stack, from applications and AI systems to underlying infrastructure. This enables organizations to identify performance gaps down to their root cause, including data centers, networks, hardware, and power infrastructure, enabling resolution before users are impacted. Designed for sovereignty-ready deployment, Mozark provides an independent and transparent measurement layer that improves reliability, accountability, and service outcomes.

This capability is particularly important in emerging markets, where digital performance directly impacts inclusive economic participation and delivery of essential societal services. When systems underperform, the impact extends beyond technical disruption to payments, healthcare, education, government services, and overall productivity. Mozark helps strengthen service reliability, accountability, and digital access at scale.

Mozark currently serves 50+ enterprise and government clients across 20+ countries, including regulators, telecom operators, financial institutions, and global digital-native organizations. Its deployments run concurrently on several thousand live devices, having already executed 25 million+ tests supporting benchmarking and user-experience assurance analytics at scale.

Leadership Quotes

AI is accelerating digital services everywhere, but experience quality remains disparate and unreliable...” — Kartik Raja & Fabien Renaudineau, Founders & Co-CEOs of Mozark.

While AI has revolutionized coding, testing remains constrained by physical infrastructure limitations...” — Chandra Ramamoorthy, Founder & CPO of Mozark.

Investor Perspectives

• Farid Fezoua, IFC: “Reliable digital infrastructure is critical to productivity, inclusion, and growth in emerging markets...”
• Robert Oudhof, RMB Capitalworks: “Mozark’s Agentic AI platform solves critical problems in App Testing and Observability globally...”
• Rajesh Raju, Kalaari Capital: “We have strong conviction in Mozark’s strategy and execution...”

Use of Proceeds

• Deepening real-world testing and measurement across native digital AI stack: apps, networks, and AI infrastructure to strengthen digital experience equity
• Accelerating expansion in priority markets, including the U.S. and the Global South

About Mozark

Mozark is a Singapore-headquartered digital experience testing and measurement company that helps enterprises, telecom operators, public-sector organizations, and regulators run real-world digital experience tests at scale. Learn more at www.mozark.ai.

About IFC

The International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused on private sector growth in emerging markets. More info at ifc.org.

About RMB Capitalworks

RMB Capitalworks partners with ambitious founders to build enduring businesses with flexible capital and strategic support. More info at rmbcapitalworks.com.

About Kalaari Capital

Kalaari is an early-stage, technology-focused venture capital firm based in Bengaluru, India. More info at kalaari.com.

NUCFDC–CSC Alliance to Launch Phased Digital Infrastructure for Urban Cooperative Banks

The National Urban Cooperative Finance and Development Corporation Ltd (NUCFDC), the Umbrella Organisation for India’s Urban Cooperative Banks (UCBs), has signed a Memorandum of Understanding with CSC e-Governance Services India Ltd. (CSC SPV) to fast-track the sector’s digital transformation.

The partnership aims to equip UCBs with secure and compliant digital infrastructure. The rollout will be undertaken in phases, beginning with Aadhaar-based eKYC, eSign, digital signature certificates, DigiLocker integration, e-stamp services, cloud hosting, data centre management, and cybersecurity solutions. Subsequent phases will introduce internet and mobile banking, kiosk-based services, and digital communication platforms.

NUCFDC will facilitate adoption across its member UCBs, while CSC SPV will provide platforms, APIs, and operational support. A joint governance team will oversee implementation and capacity building. The agreement also covers training, compliance support, grievance redressal, and data protection measures, with an emphasis on aligning with applicable regulatory norms to strengthen institutional processes within the UCBs.

The MoU was formally signed in Mumbai in the presence of Shri Prabhat Chaturvedi, CEO, NUCFDC, and Shri Bhagwan Patil, Group President, CSC SPV.

Commenting on the partnership, Shri Prabhat Chaturvedi, CEO, NUCFDC, said, “The Urban Cooperative Banking sector needs to leapfrog into the digital era along with its legacy grassroots character. This partnership equips UCBs with future-ready digital infrastructure, enabling them to serve millions with greater efficiency, transparency, and compliance. At a time when financial inclusion and trust are central to sectoral growth, this collaboration places UCBs firmly on the path of modernisation and resilience.”

Shri Bhagwan Patil, Group President, CSC SPV, said, “CSC SPV’s digital backbone, coupled with NUCFDC’s institutional mandate, creates a powerful Technology platform for transformation of Urban Cooperative Banks (UCBs). Together, we will deliver scalable solutions that strengthen the Cooperative Bank sector and also ensure last-mile citizens experience banking services with the same convenience. This is about reimagining urban cooperative banking for a digital India.”

About The National Urban Cooperative Finance and Development Corporation (NUCFDC)

The National Urban Cooperative Finance and Development Corporation Ltd. (NUCFDC) serves as the umbrella organization for India’s Urban Cooperative Banking (UCB) sector. Constituted with the support of the Ministry of Cooperation and in consultation with the Reserve Bank of India, NUCFDC has been mandated to explore avenues for capital mobilisation and enhance the professionalisation of the sector. It also aims to strengthen public confidence in UCBs by fostering a unified, resilient, and transparent banking framework.

About The CSC e-Governance Services India Ltd. (CSC SPV)

CSC SPV is a Special Purpose Vehicle incorporated as a Company under Companies Act to implement CSC Scheme and monitor Common Service Centers (CSC) incorporated under CSC Scheme and enables a range of services to be delivered through CSCs like Government to Citizen (G2C), Business to Customers (B2C), Business to Business (B2B). Education, Skills and other services to rural citizens. Also, it provides services for e-sign, e-KYC, Digilocker, Data Centre and other services.

Vertiv Taps Generative AI Expertise with Waylay Acquisition Amid Rising Data Center Demands

• Acquisition to strengthen Vertiv’s comprehensive portfolio of digital infrastructure solutions with AI-based infrastructure monitoring, predictive services, and performance optimization

Vertiv Holdings Co (NYSE: VRT), a global leader in critical digital infrastructure, announced it has acquired Waylay NV, a Belgium-based leader in hyperautomation and generative AI software platforms, as part of its continued investment in AI-driven monitoring and control technologies for its power and cooling systems. Vertiv expects this investment to strengthen its ability to enable customers around the world to increase uptime, optimize energy usage, and enhance operational intelligence across their critical digital infrastructure.

As AI workloads continue to drive strong growth in data center demand, the need for intelligent, adaptive infrastructure continues to grow. AI-based digital services for power and cooling systems are essential to support the high-density, high-performance computing environments powering generative AI. These services support real-time monitoring, predictive maintenance, and dynamic optimization of power and thermal performance. With the integration of Waylay’s advanced technology, Vertiv is positioned to deliver these advanced capabilities at scale, helping customers meet the evolving demands of critical digital operations.

“With the addition of Waylay’s technology and software-focused team, Vertiv will accelerate its vision of intelligent infrastructure — data-driven, proactive, and optimized for the world’s most demanding environments,” said Vertiv’s CEO, Giordano Albertazzi. “We are excited about the operational efficiencies and the resilience that Vertiv’s further augmented predictive capabilities can provide for our customers.”

Founded in 2014, Waylay has developed an AI-driven hyperautomation software platform that enables workflow-based automation, system integration, and orchestration across a wide range of connected assets, enterprise applications, and cloud services. Among its capabilities are data analytics and orchestration scenarios that operate with unprecedented speed, significantly cutting the cost of integration and product deployment. The software can analyze real-time machine data, identify operational trends, and propose predictive actions that minimize downtime and improve system performance.

To learn more about Vertiv’s comprehensive, end-to-end portfolio of power, cooling, and IT infrastructure solutions, including integrated racks, power distribution units, uninterruptible power supplies (UPS), thermal management systems, and digitized monitoring and lifecycle services, visit Vertiv.com.

Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers’ vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.

India Calls on Cisco to Boost Digital Infrastructure, AI, and 6G Collaboration

Union Minister Jyotiraditya Scindia has urged Cisco to significantly expand its presence in India’s rapidly growing digital ecosystem, emphasizing the country’s pivotal role in shaping the global tech future.

• Participants: Scindia met with Cisco CEO Chuck Robbins and his leadership team in New Delhi.
• Focus Areas:
  • Artificial Intelligence (AI) and 6G development
  • Cybersecurity enhancement
  • Inclusive digital growth, especially in Tier 2 and Tier 3 cities
  • Grassroots innovation to uplift the common man
• Strategic Vision: Scindia emphasized India’s emergence as a global innovation hub and invited Cisco to co-create solutions that empower communities and prepare future generations.

Cisco’s Growing India Footprint

• Cisco inaugurated its first manufacturing facility in Chennai in 2024, in partnership with Indian contract manufacturer Flex.
• The facility is expected to:
  • Generate $1.3 billion annually through exports and domestic production
  • Create 1,200 jobs
  • Produce advanced telecom equipment, contributing to India’s “AtmanirbharBharat” (self-reliant India) in tech

Broader Implications

Scindia’s outreach reflects India’s ambition to:

• Lead in next-gen technologies like 6G
• Build a secure, inclusive, and future-ready digital Bharat
• Attract global tech giants to invest deeper in its digital infrastructure and innovation ecosystem.