GE Vernova to acquire remaining 50% stake in Prolec GE for $5.275B

GE Vernova announced it will acquire the remaining 50% stake of Prolec GE from Xignux for $5.275 billion, consolidating the joint venture after 30 years. Prolec GE is a leading grid equipment supplier with seven manufacturing sites.

“We're excited to execute this highly attractive and strategic move to acquire full ownership of our Prolec GE joint venture from Xignux.”prolec.energy

• 1 source
• prolec.energyGE Vernova to Fully Acquire Prolec GE Joint Venture - Prolec EnergyDec 17, 2025

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