GE Vernova acquires remaining Prolec GE stake

GE Vernova has acquired the remaining 50% involvement successful Prolec GE, finalising its modulation from a associated task (JV) with Xignux to afloat ownership.

The deal, archetypal announced successful October 2025, concluded pursuing approvals from applicable regulatory authorities.

The acquisition totalled $5.28bn (91.43bn pesos), financed done an adjacent divided of currency and debt, arsenic antecedently stated by the company.

Prolec GE operates crossed 7 manufacturing locations successful the Americas, including 5 sites successful the US, and employs astir 10,000 staff.

The institution manufactures transformers and related components for powerfulness generation, transmission and distribution, and provides a scope of transformer services.

With this transaction, Prolec GE is present consolidated nether GE Vernova pursuing 3 decades arsenic a JV partner.

GE Vernova CEO Scott Strazik said: “We are gathering connected a decades-long concern and combining the strengths of our 2 companies to connection customers a broader portfolio and run astatine a higher capableness to fulfil expectations, particularly successful North America wherever grid request is strong.”

Moving forward, Prolec GE volition run wrong GE Vernova’s Electrification conception and follow the marque successful the marketplace.

The existing enactment squad volition stay successful place, with Ricardo Suarez continuing arsenic CEO of Prolec GE and reporting to Philippe Piron.

Suarez said: “We are arrogant of our beardown civilization and the bequest we person built, and arsenic portion of the 1 GE Vernova family, we volition accommodate and clasp the GE Vernova Way portion maintaining the section culture, practice and individuality that made america who we are today.”

GE Vernova electrification CEO Philippe Piron said: “Our customers are asking for much capableness from the grid. With Prolec GE present afloat portion of GE Vernova, we are amended equipped to respond to that request and amended service our installed base, utilising our combined manufacturing footprint for transformers and a beardown pipeline of innovation to service the electrification needs of the world.”

"GE Vernova acquires remaining Prolec GE stake" was primitively created and published by Power Technology, a GlobalData owned brand.

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