GE Vernova completes acquisition of remaining 50% stake in Prolec GE
GE Vernova completed the acquisition of the remaining 50% stake of Prolec GE from Xignux for $5.275 billion, consolidating the joint venture after 30 years. Prolec GE manufactures transformers and transformer components for the electricity grid.
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“We're excited to reach this important milestone with our first sizable acquisition as a standalone public company and welcome the Prolec GE team into GE Vernova.”barchart.com
- 7 sources
- barchart.comGE Vernova Completes Prolec GE Acquisition, Accelerating Electrification Segment Growth TrajectoryGE Vernova Inc.Feb 2, 2026
- gevernova.comGE Vernova completes Prolec GE acquisition, accelerating Electrification segment growth trajectory | GE Vernova NewsGrace. GoebelFeb 2, 2026
- power-technology.comGE Vernova acquires remaining Prolec GE stakeAnwesha PattanaikFeb 3, 2026
- transformer-technology.comGE Vernova Finalizes $5.3B Acquisition of Prolec GE - Transformer TechnologyFeb 3, 2026
- qnow.quantisnow.comGE Vernova Completes Prolec GE Acquisition, Accelerating Electrification Segment Growth Trajectory
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