# GE Vernova acquires Dussur's 55% stake in GESAT

Saudi Arabian Industrial Investments Company (Dussur) divested its 55% ownership stake in General Electric Saudi Advanced Turbines (GESAT) to GE Vernova, making GE Vernova the sole owner. GESAT manufactures gas turbines and has supplied over 200 modules to 10 countries.

- Type: Acquisition
- Announced: 2018-03-09
- Where: Saudi Arabia
- Status: completed
- Products: gas turbines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [GE Vernova](https://endata.com/companies/2947.md) (acquirer)
- [Saudi Arabian Industrial Investments Company](https://endata.com/companies/20041.md) (target)
- [General Electric Saudi Advanced Turbines](https://endata.com/companies/30645.md) (target)

## Sources

- [tradearabia.com](https://www.tradearabia.com/News/289001/GE-Vernova-acquires-Dussur%E2%80%99s-shares-in-GESAT), 2018-03-09: "Dussur’s decision to sell its shares to GE Vernova follows achieving the investment and development objectives of this investment in GESAT."

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