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. 

L&T Energy Hydrocarbon Offshore Wins ONGC EPCIC Order for Ratna‑I ADR‑I and NLM‑14

L&T Energy Hydrocarbon Offshore (LTEH Offshore) has secured a large offshore order from the Oil & Natural Gas Corporation (ONGC) for the Additional Development of Ratna–I (ADR I) and NLM-14 project off India's west coast.

The project involves engineering, procurement, construction, installation and commissioning (EPCIC) of three new well-head platforms, one riser platform, multiple segments of subsea pipelines and cables, and brownfield modifications to existing offshore installations.

The project is aimed at enhancing production and supporting the continued development of ONGC's offshore assets in the region.

LTEH Offshore is a leading provider of integrated EPCIC solutions for the offshore oil and gas industry. Supported by robust in-house engineering capabilities, world-class fabrication facilities and a dedicated fleet of marine vessels, it has successfully delivered complex shallow-water and deep-water developments across global markets.

Over the past four decades, LTEH Offshore has executed a wide range of projects, including fixed platforms, subsea pipelines and structures, brownfield upgrades, as well as decommissioning assignments.

Commenting on the order win, Parthasarathi Chatterjee, Senior Vice President & Head – L&T Energy Hydrocarbon Offshore, said: “The ADR-I and NLM-14 developments are significant additions to India's offshore energy infrastructure and demonstrate the continued investment in enhancing production from established offshore assets. These projects combine new offshore facilities with brownfield modifications in existing operating fields, calling for careful planning, engineering integration and precise execution. Drawing on our extensive offshore EPCIC experience, we look forward to delivering these developments safely and efficiently, while supporting ONGC’s long-term production objectives”.

Background:

Larsen & Toubro is a USD 32 billion Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing, Products and Services, operating across diverse domains and multiple geographies. With a strong impetus towards AI & technology, customer–focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades.

GE’s Biggest Bet Yet: $11.75B CPP Takeover

GE Aerospace has announced it will acquire Consolidated Precision Products (CPP) for $11.75 billion, marking its largest deal since becoming a standalone company in 2024. The acquisition strengthens GE’s control over critical engine castings, a supply-chain bottleneck, and is expected to close in the second half of 2027.

Consolidated Precision Products (CPP) is a Cleveland‑based aerospace casting manufacturer founded in 1991. It has grown through acquisitions and private equity backing, notably Warburg Pincus (2011) and Berkshire Partners (2019), becoming a global supplier of mission‑critical castings for commercial and defense aviation.

CPP has been a supplier to GE Aerospace for over 15 years, providing castings for engines such as LEAP, GEnx, GE9X, T700, F110, and F404. Its expertise in titanium and superalloy castings makes it critical to both commercial aviation supply chains and defense programs.

For India, where GE Aerospace already partners in Tejas Mk1A fighter engines and operates a manufacturing facility in Pune, this acquisition signals stronger supply chain resilience. It could indirectly benefit Indian aerospace suppliers by ensuring timely delivery of critical engine components.

Key Details of the Acquisition

• Transaction Value: $11.75 billion
• Funding: $7 billion cash + remainder in new debt
• Closing Timeline: Second half of 2027 (subject to regulatory approvals)
• Seller: Private equity firms Warburg Pincus & Berkshire Partners
• CPP Workforce: ~6,600 employees across 20+ facilities
• Headquarters: Cleveland, Ohio

Strategic Importance

• Supply Chain Control: Castings are a major bottleneck in jet engine production. By acquiring CPP, GE secures direct control over mission-critical components.
• Engine Programs Impacted: CPP supplies castings for LEAP, GEnx, GE9X, T700, F110, and F404 engines.
• Capacity Expansion: GE expects airfoil demand to grow 30% by 2030.
• Financial Outlook: Deal projected to be accretive to adjusted EPS and free cash flow in year one, with ~$200 million in synergies.

Financial & Market Impact

Aspect	Details
Valuation	~18x 2027 EBITDA (26x without synergies)
Revenue Contribution	CPP expected to generate ~$2 billion in 2027
Stock Reaction	GE Aerospace shares rose to ~$337 post-announcement
Backlog	GE’s order backlog exceeds $210 billion

Risks & Challenges

• High Price Tag: $11.75B valuation may raise ROI concerns.
• Debt Financing: Increased leverage could pressure GE’s balance sheet.
• Regulatory Approvals: Closing depends on antitrust and defense-related clearances.
• Integration Complexity: Aligning CPP’s 20+ facilities with GE’s global operations will require disciplined execution.

Global & India Context

• GE Aerospace already has a strong footprint in India (notably in Pune manufacturing and Tejas Mk1A fighter program).
• This acquisition signals deeper integration of supply chains and could indirectly benefit Indian aerospace suppliers.

Ceramat’s 3D‑Printed Grafts Put India on Global Medical Map with TDB-DST Support

Representative Image

In a significant stride toward strengthening India’s medical technology ecosystem, the Technology Development Board (TDB) under the Department of Science & Technology (DST) has extended financial assistance to Ceramat Private Limited, Palghar, Maharashtra, for the commercialisation of advanced 3D-printed patient-specific bone grafts.

The project, titled “Calcium Phosphate based Standard and Customized Patient Specific Grafts by 3D Printing via Digital Light Processing Technique and Extrusion-based Equipment”, aims to transform the way bone grafts are manufactured and delivered in India. By leveraging indigenously developed bioceramic materials and cutting-edge additive manufacturing technologies, Ceramat seeks to reduce dependence on imported medical products and establish India as a hub for personalised healthcare solutions.

Ceramat’s Vision for Indigenous Innovation

Ceramat makes special powders and ceramics (like hydroxyapatite and calcium phosphate) that are very similar to the minerals in real human bone. These materials are shaped into grafts — pieces doctors use to repair or replace damaged bone.

Instead of making generic grafts, Ceramat uses advanced 3D printers to create patient‑specific grafts that match the exact shape of someone’s bone. This means every graft can be custom‑fit, improving recovery and reducing complications.

Think of it like this: if you break a part of your bone, instead of using a “one‑size‑fits‑all” piece, doctors can now give you a graft that’s tailor‑made for your body.

Ceramat Private Limited was founded with a mission to develop and commercialise

 bio-ceramics and advanced ceramics that serve as high-quality import substitutes. Its portfolio includes biomaterials such as:

• Hydroxyapatite
• Beta-tricalcium phosphate
• Biphasic calcium phosphate
• Bioactive glass

These materials find applications across orthopaedics, oral care, cosmetics, and industrial sectors.

The Technology Behind Patient-Specific Grafts

The initiative integrates Digital Light Processing (DLP)-based 3D printing and extrusion-based 3D printing with indigenous calcium phosphate biomaterials. These complementary approaches will allow Ceramat to manufacture both standard and customised grafts, offering:

• Complex geometries that mimic natural bone structures
• Patient-specific designs for personalised medical care
• Enhanced flexibility in clinical applications

Aligning with Aatmanirbhar Bharat

The project is closely aligned with the government’s vision of Aatmanirbhar Bharat, focusing on advanced manufacturing and indigenous medical technology development. By reducing reliance on imported bioceramic and orthobiological products, the initiative will:

• Strengthen domestic supply chains
• Create opportunities for global market expansion
• Position India as a technology developer rather than just a consumer

Why It’s Globally Relevant

Ceramat’s work matters far beyond India. By producing advanced bone grafts locally, it reduces the country’s dependence on costly imports and makes treatment more affordable. At the same time, mastering patient‑specific 3D printing puts India in direct competition with global medical technology leaders.

This innovation reflects a broader shift in healthcare toward personalized solutions, where treatments are tailored to each individual rather than relying on generic options. Because the same techniques can be applied to dental implants, facial reconstruction, and even cosmetic surgery, Ceramat’s approach has the potential to influence multiple industries worldwide. In essence, India is positioning itself not just as a healthcare consumer, but as a healthcare innovator with solutions that can serve patients across the globe.

Conclusion

The collaboration between TDB-DST and Ceramat Private Limited marks a pivotal moment in India’s healthcare innovation journey. By combining indigenous biomaterials with state-of-the-art 3D printing, the project not only addresses critical medical needs but also reinforces India’s commitment to self-reliance, innovation, and global competitiveness in medical manufacturing.

Material	Application
Hydroxyapatite	Bone grafts, implants
Beta-tricalcium phosphate	Orthopaedics, oral care

India’s Hylenr Tech Claims Breakthrough: Creating Elements Inside Engineered Materials

Indian deep-tech company Hylenr Technologies has reported evidence of elemental formation, including rare-earth species, inside engineered Lattice structure systems, opening a radically different pathway toward nucleosynthesis and strategic-material production.

The findings are part of Hylenr Technologies work during the last 10 plus years on Nuclear Fusion technology based on Lattice confinement fusion and have also collaborated and validated with leading international research institutions.

A part of this work, titled “Nuclear Signatures in a Hydrogen-Loaded Ni–Pd Lattice Confinement System,” was presented earlier this month at the 27th International Conference on Condensed Matter Nuclear Science (ICCF-27) at Niagara Falls, Canada.

From Nuclear Energy to Nucleosynthesis

Nucleosynthesis is the process by which atomic nuclei are transformed to create different elements.

In nature, this occurs inside stars, supernovae and other extreme astrophysical environments, where enormous temperatures, pressures and energy densities drive nuclear reactions.

On Earth, producing or transforming elements through nuclear processes typically requires large-scale nuclear reactors, particle accelerators or high-energy experimental infrastructure.

Hylenr Technologies results demonstrate a fundamentally different pathway for nuclear processes and nucleosynthesis within engineered solid materials. In hydrogen-loaded metal lattices, interactions between hydrogen, lattice defects, vacancies and the local electronic environment create highly confined conditions capable of enabling nuclear processes within the material itself.

This shifts the idea of element formation from enormous high-energy systems toward compact, engineered Nuclear energy.

Signatures of 32 Elements Detected

Across approximately two years of material-analysis work, Hylenr Technologies has detected signatures corresponding to 32 elements in post-operation samples, spanning light elements, heavy elements, noble gases Like Helium Neon and Argon. Furthermore, strategically important rare-earth species including Yttrium, and actinides including Uranium. Signatures are reported against pre-operation baseline characterisation of the same Catalyst material sample acting as control, and each is corroborated by more than one of the independent techniques below.

The observations have been studied using multiple independent analytical techniques, including:

• Energy-Dispersive X-ray Spectroscopy (EDX)
• X-ray Photoelectron Spectroscopy (XPS)
• Inductively Coupled Plasma Optical Emission Spectroscopy (ICP-OES). 
• Wavelength-Dispersive X-ray Spectroscopy (WDX)
• Residual Gas Analysis (RGA)
• Made, Not Mined

Rare-earth elements sit at the centre of many of the world's most strategically important technologies.

They are critical to permanent magnets, electric vehicles, robotics, wind turbines, electronics, aerospace systems, defence platforms and advanced manufacturing.

Yet their global supply chain remains highly concentrated, creating strategic dependence for countries seeking to scale clean energy, defence manufacturing and next-generation electronics, stated, Ram Ramaseshan, Co-founder and Board Member, Hylenr Technologies.

Hylenr Technologies work points toward an entirely different model: produce selected elements through engineered nucleosynthesis rather than extract them exclusively from geological deposits.

For India, this could create a new technological pathway toward critical-material sovereignty across defence, electronics, electric mobility, renewable energy, space and advanced manufacturing.

For the world, it raises the possibility that future access to strategic elements may depend not only on where they occur naturally, but on our ability to engineer the nuclear environments within materials to create them.

“What makes this finding exciting is the possibility of bringing together Nuclear Fusion Energy and Rare Earth materials within one engineered nuclear platform,” said Siddhartha Durairajan, Co-founder and Board Member of Hylenr Technologies.

“For thousands of years, access to an element has been determined by whether nature concentrated it somewhere in the Earth's crust. We are working toward a very different future — one in which we can engineer the material environment required to create selected elements.”