GE Vernova completes $5.275B acquisition of remaining 50% stake in Prolec GE

GE Vernova completed the acquisition of the remaining 50% stake of Prolec GE, its former joint venture with Xignux, for $5.275 billion. The deal consolidates Prolec GE after 30 years of partnership.

“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.”markets.financialcontent.com

• 1 source
• markets.financialcontent.comContact - The Lethbridge Herald - News and Sports from around Lethbridge - GE Vernova Completes Prolec GE Acquisition, Accelerating Electrification Segment Growth TrajectoryGE Vernova Inc.Dec 11, 2017

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