# 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.

- Type: Acquisition
- Announced: 2026-02-02
- Where: North America (multiple sites), United States
- Value: $5.28B
- Jobs: 10,000
- Status: completed
- Products: transformers, transformer components
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [GE Vernova](https://endata.com/companies/2947.md) (acquirer)
- [Xignux](https://endata.com/companies/11492.md) (partner)
- [Prolec GE](https://endata.com/companies/13625.md) (target)

## Sources

- [barchart.com](https://www.barchart.com/press-releases/37367504/ge-vernova-completes-prolec-ge-acquisition-accelerating-electrification-segment-growth-trajectory), 2026-02-02: "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."
- [gevernova.com](https://www.gevernova.com/news/press-releases/ge-vernova-completes-prolec-ge-acquisition), 2026-02-02: "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."
- [power-technology.com](https://www.power-technology.com/news/ge-vernova-acquires-prolec-ge/), 2026-02-03: "We are building on a decades-long partnership and combining the strengths of our two companies to offer customers a broader portfolio and operate at a higher capacity to fulfil expectations, especially in North America where grid demand is strong."
- [transformer-technology.com](https://transformer-technology.com/ge-vernova-finalizes-5-3b-acquisition-of-prolec-ge/), 2026-02-03: "The transaction, valued at $5.275 billion and funded through an equal mix of cash and debt, closes a 30-year joint venture between GE Vernova and Mexico-based Xignux."
- [qnow.quantisnow.com](https://qnow.quantisnow.com/insight/ge-vernova-completes-prolec-ge-acquisition-accelerating-electrification-segment-growth-6370442), 2026-03-06: "GE Vernova Inc. today announced it has completed the acquisition of the remaining 50% stake of Prolec GE, its former unconsolidated joint venture with Xignux."
- [shale24.com](https://www.shale24.com/en/electricidad/ge-vernovas-5275-billion-prolec-ge-acquisition-closes-as-argentina-queues-98-billion-in-grid-projects-n954), 2026-04-13: "With Prolec GE now fully part of GE Vernova, we are better equipped to respond to that demand and better serve our installed base."
- [distroforge.com](https://distroforge.com/blog/ge-vernova-prolec-consolidation-q1-2026-transformer-procurement/), 2026-05-03: "GE Vernova completed its acquisition of the remaining 50 percent of Prolec GE on February 2, 2026."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.