# 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.

- Type: Acquisition
- Announced: 2017-12-11
- Where: United States
- Value: $5.28B
- 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

- [markets.financialcontent.com](https://markets.financialcontent.com/lethbridgeherald/article/bizwire-2026-2-2-ge-vernova-completes-prolec-ge-acquisition-accelerating-electrification-segment-growth-trajectory), 2017-12-11: "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."

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