Business Wire India

Telehouse Canada, a leading data centre service provider and subsidiary of KDDI Corporation, has announced the completion of a major infrastructure upgrade designed to support the next generation of AI‑driven workloads. By introducing direct liquid‑to‑chip technology, Telehouse enables high‑density AI inference deployments within its interconnection‑rich downtown Toronto data centre environments—reinforcing the company’s leadership in delivering resilient, future‑ready facilities that power Canada’s digital transformation and support the next wave of innovation.

 

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As AI adoption accelerates across industries, organizations are increasingly seeking data centre environments capable of supporting performance‑intensive workloads at scale. These requirements are driving demand for higher‑density infrastructure and advanced cooling solutions, particularly in environments where reliability, efficiency, and proximity to end users are critical for AI inference.

 

Building on this investment, Telehouse Canada has deployed direct liquid cooling across its metro data centre campus, alongside infrastructure enhancements designed to enable high‑density deployments and improved connectivity for AI workloads. The deployment supports organizations colocating AI infrastructure within Telehouse facilities, with cabinet densities of up to 120 kW per rack.

 

 

This marks a first-of-its-kind deployment of direct liquid cooling within an interconnection hub in Canada, underscoring its significance within the Canadian data centre and interconnection landscape. The upgrade positions Telehouse Canada to support organizations with strict cooling and power requirements while continuing to deliver low-latency connectivity and proximity to end users.

 

 

“As demand for AI continues to grow, organizations need data centre infrastructure that can support increasingly complex workloads at scale,” said Atsushi Kubo, President and CEO of Telehouse Canada. “This upgrade strengthens our ability to meet those needs while continuing to deliver the performance and reliability our customers expect.”

 

 

Advancing energy efficiency through heat recovery and reuse

 

 

Liquid cooling is more thermally conductive than air, allowing Telehouse Canada to remove up to 80 per cent of heat directly from high-power server components. As a result, reliance on power-intensive computer room air conditioners and server fans is reduced, lowering overall energy consumption while delivering a more sustainable and efficient cooling model. The direct liquid cooling system transfers heat from the server components to a cooling distribution unit, where it is carried away via a dedicated coolant loop. This heat is then transferred to Enwave’s closed-loop district energy system, where it is captured and repurposed through a fully isolated process to help heat Toronto’s municipal drinking water rather than being released into the atmosphere, which improves Telehouse Canada’s Power Usage Effectiveness (PUE). In addition, the system removes reliance on chillers during normal operations, which reduces the need for evaporative cooling and reduces water usage, further improving the facility’s Water Usage Effectiveness (WUE).

 

 

The project reflects Telehouse Canada’s continued focus on building resilient, high‑performance digital infrastructure while also delivering tangible sustainability and economic benefits, including local job creation and the engagement of approximately 80 skilled professionals across construction and engineering disciplines throughout the project lifecycle.

 

 

Aligned with Canada’s focus on digital infrastructure, AI, and innovation, investments such as this play an important role in strengthening the country’s digital foundation—supporting long‑term growth, accelerating innovation, and ensuring infrastructure readiness as organizations scale AI‑driven operations. By continuing to invest in high‑performance, interconnection‑rich environments, Telehouse Canada is committed to enabling the next phase of digital transformation while supporting the evolving needs of Canada’s digital economy and helping businesses scale and compete globally.

 

 

About Telehouse

 

 

Telehouse is a leading global data centre service provider under KDDI Group, bringing together a diverse range of business partners including carriers, mobile and content providers, enterprises, cloud providers and financial services companies. Established in 1989, Telehouse provides reliable, secure, and flexible colocation services, enabling organizations to accelerate speed to market and create business opportunities through fast, efficient and secure interconnections. For more information visit: www.telehouse.ca

 

 

 

 

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Business Wire India

The Forum of Indian Food Importers (FIFI) participated as a key collaborator and industry contributor in the high-level Chile–India Economic Partnership gathering convened during the official visit of His Excellency Francisco Pérez Mackenna, Minister of Foreign Affairs of the Republic of Chile, to India.

 

The closed-door strategic roundtable brought together senior government representatives, industry leaders, and trade stakeholders from both countries to accelerate discussions surrounding the proposed Comprehensive Economic Partnership Agreement (CEPA), while exploring long-term opportunities in agrifood trade, logistics, sustainability, and industrial cooperation.

 

The distinguished Chilean delegation reflected the growing importance Chile places on India as a strategic economic partner and included H.E. Juan Angulo, Ambassador of Chile to India; Diego Torres, International Director, Federation of Chilean Industries (SOFOFA); Iván Marambio, President, Fruits from Chile; Rodrigo Bustos, Asia Director, Aqua Chile; Alfonso Undurraga, President, Wines of Chile; Juan Manuel Mira, President, Chile Alimentos; and Javier Montes, Sales Director Asia, MENA & Oceania, CMPC.

 

The roundtable discussion was followed by a wider industry interaction attended by eminent Indian leadership, including Mr Rajesh Agrawal, Secretary of Commerce, Government of India, and Mr Rajit Punhani, CEO, FSSAI, among other senior policymakers and industry stakeholders. The interaction further reinforced the growing commitment from both countries toward strengthening bilateral trade and regulatory cooperation.

 

FIFI representatives contributed practical insights on crucial topics like agrifood business, cold chain logistics, demand channels, premium consumption trends, and market access opportunities between the two nations. The organization welcomed the ongoing CEPA discussions as an important milestone toward building a resilient, future-oriented economic partnership between India and Chile.

 

Speaking during the interaction, Amit Lohani, Founder Director of FIFI, highlighted the transformative potential of the India–Chile partnership. “With over three decades of experience in bilateral trade corridors, I firmly believe the India–Chile partnership is entering a definitive phase. Chile offers world-class products that align strongly with the evolving preferences of Indian consumers and the premium hospitality sector. CEPA can become a major catalyst for accelerating bilateral growth,” said Mr. Lohani. He was further noted, “The foundation stone for this partnership was laid a few years back, and we are delighted to see its evolution in a positive direction.”

 

The timing of the discussions comes at a significant moment for bilateral trade relations. India and Chile are currently advancing negotiations on a CEPA, aimed at deepening trade integration and reducing barriers across sectors.

 

Highlighting the importance of logistics integration and infrastructure cooperation, Siddhaarth Suri, Director of Suri Agro Fresh Pvt. Ltd., stressed that improving cold-chain connectivity and streamlining trade frameworks would unlock substantial growth opportunities for both nations.

 

Rekha Gupta, Co-Founder of Polar Quality India Pvt. Ltd., highlighted the growing appetite for premium seafood and salmon products in India’s HORECA sector. She was quoted as saying, “India’s premium hospitality segment is witnessing a remarkable evolution in consumer preferences, especially for high-quality imported seafood. Greater trade facilitation and smoother import mechanisms can significantly enhance market penetration and strengthen supply consistency.”

 

The discussions also benefited from the participation and expertise of senior Indian industry stakeholders, including Mr Rakesh Banga, Mr Pankaj Singhal, Mr Uday Chugh, and others. FIFI reiterated its commitment to supporting constructive trade dialogue and policy advocacy that strengthens India’s food ecosystem while expanding opportunities for global partners such as Chile.

 

web: www.fifi.in

 

 

Business Wire India

GenNx360 Capital Partners (“GenNx360”), a New York-based private equity firm, has announced the sale of its portfolio company, Precision Aviation Group, Inc. (“PAG” or the “Company”), to VSE Corporation (“VSE”) for a total upfront consideration of approximately $2.025 billion in cash and equity.

 

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Founded in 1996 and headquartered in Atlanta, Georgia, PAG is a best-in-class global provider of aviation maintenance, repair and overhaul (“MRO”) services, distribution and supply chain solutions serving commercial, business and general aviation, rotorcraft and defense end markets. PAG currently operates 29 locations worldwide, employs more than 1,000 people, serves over 10,000 customers globally and completes more than 175,000 repairs annually. The acquisition increases VSE revenue by approximately 50% on a pro forma 2025 basis and is expected to be immediately accretive to VSE’s consolidated Adjusted EBITDA margin.

 

 

During GenNx360’s ownership, PAG scaled into a high-margin global aviation aftermarket platform focused on engines, avionics, components and proprietary solutions. PAG grew from nine repair stations to 29 locations, expanded its North American footprint and extended its international presence into Europe, Australia and Brazil. The Company expanded its repair capabilities across engines and avionics while strengthening its position on next-generation aircraft platforms.

 

 

During its ownership, GenNx360 executed a disciplined buy-and-build strategy, completing 11 add-on acquisitions, expanding geographic reach and deepening technical capabilities. These inorganic initiatives were complemented by robust organic growth driven by consistent new customer wins and expanding strategic partnerships.

 

 

“Our partnership with PAG was a result of GenNx360’s proactive strategy and deep sector expertise in aerospace and defense. Our ability to scale PAG to a diversified global MRO platform is a testament to PAG’s exceptional management team,” said Pratik Rajeevan, Principal at GenNx360 Capital Partners who sourced and led the investment.

 

 

“Our ongoing equity ownership in VSE reflects our conviction in PAG’s momentum and in VSE’s ability to accelerate its next stage of growth, enhance capabilities and deliver even greater value for customers,” said Ron Blaylock, Founder and Managing Partner of GenNx360 Capital Partners.

 

 

“We have built a reputation for customer responsiveness, expansive technical capabilities and dependable support for operators worldwide. Joining VSE represents an important next chapter for PAG,” said David Mast, Chief Executive Officer of Precision Aviation Group.

 

 

“PAG is a highly complementary addition to VSE that expands our aviation aftermarket capabilities, technical depth and global reach across commercial, business and general aviation and rotorcraft markets. PAG has built an exceptional reputation for customer responsiveness, proprietary repair capabilities and operational excellence, and we are excited to welcome David Mast and the PAG team to VSE. Together, we are creating a more scaled aviation aftermarket platform with enhanced repair and distribution capabilities that position VSE for long-term growth and value creation,” said John Cuomo, President and Chief Executive Officer of VSE Corporation.

 

 

Transaction Details: The $2.025 billion purchase price includes $1.75 billion in cash and approximately $275 million in equity issued to GenNx360; and up to an additional $125 million in contingent earnout payment based on 2026 performance.

 

 

GenNx360’s most recent equity investment in PAG was backed by GenNx360 Capital Partners Fund IV, LP, and a GenNx360 managed single-asset continuation fund led by Neuberger and Blackstone Strategic Partners, with participation from Dextra Partners and Churchill Asset Management. In addition to Mr. Blaylock and Mr. Rajeevan, the GenNx360 PAG investment team included Lloyd Trotter, GenNx360 Founder and Senior Advisor; Reece Zakarin, Vice President; Anil Nagpal, Assistant Vice President; and Jon Langenfeld, Associate.

 

 

J.P. Morgan and Jefferies served as sell-side financial advisors to GenNx360 and PAG, with Winston & Strawn LLP acting as legal counsel. Perella Weinberg Partners served as exclusive financial and debt capital markets advisor to VSE, with Jones Day acting as legal counsel.

 

 

ABOUT GENNX360 CAPITAL PARTNERS

 

 

GenNx360 Capital Partners is a private equity firm focused on acquiring middle market business-to-business services companies. GenNx360 partners with companies having proven and sustainable business models in expanding industries with the objective of implementing and supporting value-enhancing organic and inorganic initiatives to accelerate growth, deliver cost efficiencies, and generate strong financial returns. GenNx360 was founded in 2006 and is headquartered in New York City. For more information on GenNx360, please visit www.gennx360.com.

 

 

ABOUT PRECISION AVIATION GROUP

 

 

Precision Aviation Group (“PAG”) is a leading global provider of aviation aftermarket MRO, distribution, and supply chain services supporting B&GA, rotorcraft, and defense markets. PAG serves a broad global customer base and delivers technical expertise across engines, components, avionics, and proprietary repair solutions. For more information on PAG, please visit www.precisionaviationgroup.com.

 

 

ABOUT VSE CORPORATION

 

 

VSE is a leading provider of Aviation distribution and repair services for the commercial and business and general aviation (B&GA) aftermarkets. Headquartered in Miramar, Florida, VSE is focused on significantly enhancing the productivity and longevity of its customers’ high-value, business-critical assets. VSE’s aftermarket parts distribution and maintenance, repair, and overhaul (MRO) services support engine component and engine and airframe accessory part distribution and repair services for commercial and B&GA operators. For more detailed information, please visit VSE’s website at www.vsecorp.com.

 

 

 

 

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Business Wire India

Celonis, the global leader in Process Intelligence, today launched the Celonis Context Model (CCM) and announced it has signed a definitive agreement to acquire Ikigai Labs, a leader in AI-powered Decision Intelligence.

 

As organizations around the world attempt to deploy Enterprise AI, they face a critical challenge: ensuring AI does not have blind spots in understanding how the business operates. Without this understanding, AI agents cannot make a real impact, so companies struggle to see meaningful returns on their Enterprise AI investments.

 

 

The CCM fixes this by providing a dynamic, real-time digital twin of operations, which translates the business into a language AI understands. Built on process data and business knowledge from every system, application, device, and interaction across the business, the CCM gives Enterprise AI the operational clarity it needs to reason correctly, act reliably, and deliver results at scale.

 

 

The acquisition of Ikigai Labs will bring state-of-the-art enterprise Decision Intelligence and cutting-edge AI innovation — which includes planning, simulation, and forecasting capabilities — to the CCM, enabling organizations to model future-state scenarios, predict and prevent process breakdowns, and make sensible, reliable decisions.

 

 

The Operational Context Imperative

 

 

With the introduction of the CCM, Celonis is defining a new critical layer in the enterprise technology stack — the context layer. This layer unifies process data, business knowledge, operational and decision intelligence to ground Enterprise AI in reality and power its effective execution — continuously evolving as it learns from actions and outcomes across the business.

 

 

“AI is only as good as the context it has. Every organization needs to give its Enterprise AI a holistic, living model of how a business truly operates. This has never been possible until now, with the Celonis Context Model,” said Carsten Thoma, Celonis President. “And with Ikigai Labs, we’re making our market-leading platform even stronger: extending its intelligence beyond how your business runs today to how it should — and could — run tomorrow. This is what every enterprise needs to make AI work and deliver meaningful returns.”

 

 

“Precision is paramount in the healthcare industry, and you can’t accept AI that’s only right most of the time,” said Jerome Revish, SVP/Chief Technology Officer, Digital and Technology Services, Cardinal Health. “We use AI as a tool to accelerate operational insight — process context enables agents to support our team in acting with precision. Defining guardrails then gives us the confidence to act. Ultimately, context is what makes the difference between AI that’s impressive in a demo and AI that’s trusted and safe to deploy.”

 

 

“Our goal at Cosentino is to build a digital workforce of AI agents that can run and improve our business operations at scale. What we’ve learned is that an agent is only as good as the context you give it,” said Rafael Domene, CIO, Cosentino. “When you provide AI with a real understanding of your processes — the data, the business rules, the decision logic — it stops being a tool you experiment with and becomes one you trust to act. That’s what makes the difference between an agent that makes a recommendation and one that runs a process.”

 

 

“At Mondelez International, we’re in the middle of one of the most consequential technology transformations in our history while simultaneously building the foundation for agentic AI, with strong initial focus on improving our E2E flows and global shared services,” said Filippo Catalano, Chief Information and Digital Officer, Mondelez International. “We’ve learned you cannot sustainably deploy and run trusted AI agents across a landscape as complex and varied as ours, unless those agents understand and act based on the reality of how your processes run across every market, system, and function – not just how they were designed in theory. Operational context isn’t a nice-to-have; it’s the assurance for AI investments generating real value versus adding another layer of complexity.”

 

 

AI Agents You Can Trust

 

 

The acquisition will unite Ikigai Labs’ world-class talent — with deep expertise in AI, machine learning, tabular and time-series modeling, causal inference, and large-scale simulation — with the global Celonis team. Ikigai Labs was founded on nearly two decades of groundbreaking MIT research, and their experts have worked with some of the world’s most complex enterprises to reduce planning and forecasting cycles in areas like supply chain from months to minutes. As part of the agreement, Celonis will gain exclusive rights to MIT-owned patents, which Ikigai Labs had licensed from MIT, and MIT will become a shareholder in Celonis.

 

 

“Ikigai Labs was built on a simple but firm conviction: better enterprise decisions require AI that works with enterprise data. Ikigai Labs has proven foundation model technology for structured data at scale; Celonis has encoded enterprise processes. Together, we provide the fullest operational representation of business reality,” said Devavrat Shah, Ikigai Labs co-Founder, Chaired Professor of AI at MIT, and Chief Scientist, Enterprise AI at Celonis. “With the Celonis Context Model, AI agents have the hindsight, insight and foresight to intelligently adapt — and can be trusted to deliver the expected business outcomes. I am excited to continue our mission with Alex, Basti, Carsten, Martin and the entire Celonis team.”

 

 

The Context Model Powers the Trusted Platform to Industrialize Enterprise AI

 

 

The Celonis Platform and ecosystem provide end-to-end capabilities to analyze, design, and operate AI-driven processes and drive business transformation. The Platform enables customers to not just give AI the context it needs, but also to identify the best opportunities to deploy AI strategically, and to orchestrate agents, humans, and systems to work together.

 

 

Celonis has partnered with the leaders in both the underlying data layer and the agentic execution layer to build this new context layer that bridges the two. The Celonis Platform brings data together from across the enterprise with zero-copy integrations to sources like AWS, Databricks and Microsoft Fabric (with Snowflake to be available soon), as well as pre-built connectors to systems of record like Oracle and other leading ERP and CRM platforms. Celonis has also built deep integrations with the leading agentic platforms — including Amazon Bedrock, Anthropic’s Claude Cowork, Databricks Agent Bricks, IBM watsonx Orchestrate, Microsoft Copilot and Agent365, and Oracle OCI Enterprise AI — ensuring that, however customers are building agents, the Context Model is accessible and consumable by them.

 

 

“Enterprise AI faces a reliability gap because scale isn’t enough; agents need a deep understanding of how a business actually runs,” said Heather Akuiyibo, Global VP, GTM Integration, Databricks. “By combining Celonis with the Databricks platform, companies can enable their employees to chat with their data and get trusted answers instantly with Genie and build, govern, and operationalize AI with Agent Bricks. And they can do this all with the Celonis business context required to make better decisions, faster.”

 

 

The Future of the Enterprise is AI-Driven and Composable

 

 

Celonis views the Context Model as an important step in the journey to the AI-driven, composable enterprise. In this future operating model, organizations’ systems, data, processes, people, and AI agents work together with shared context, allowing them to improve continuously, adapt instantly, and innovate freely.

 

 

“Celonis already sits at the operational core of thousands of the world’s largest enterprises, capturing how work actually happens at unprecedented depth,” said Sandesh Patnam, Managing Partner, Premji Invest. “Layering Ikigai Labs’ simulation and decision intelligence on that foundation creates a flywheel where every operational signal becomes a sharper decision and every decision sharpens the operational model – a moat competitors will struggle to replicate.”

 

 

“This is our context graph thesis made real. Celonis has built the deepest operational understanding of how enterprises actually function — as a live, process-native model of how work happens, why it breaks, and what should happen next,” said Ashu Garg, General Partner, Foundation Capital. “With the acquisition of Ikigai Labs, they’ve added the decision intelligence and simulation capabilities that make it truly effective. The companies that control this layer will define the next era of enterprise software. Celonis is that company.”

 

 

Celonis’s acquisition of Ikigai Labs is expected to close imminently, subject to standard closing procedures.

 

 

Learn more about the Celonis Context Model and the company’s acquisition of Ikigai Labs at Celonis:Next on May 19 or at an upcoming Process Intelligence Day.

 

 

About Celonis

 

 

Celonis makes processes work — for people, companies, and the planet. The Celonis Platform combines process data, business knowledge, and decision intelligence to provide Enterprise AI the operational context it needs to succeed. Thousands of the world’s leading companies trust Celonis and its ecosystem of global partners to industrialize AI, building and deploying AI-driven, composable solutions and unlocking meaningful, compounding value.

 

 

Celonis is headquartered in Munich, Germany, and New York City, USA, with more than 20 offices worldwide.

 

 

© 2026 Celonis SE. All rights reserved. Celonis and the Celonis “droplet” logo are trademarks or registered trademarks of Celonis SE in Germany and other jurisdictions. All other product and company names are trademarks or registered trademarks of their respective owners.

 

 

 

 

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