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

GE Vernova completed the acquisition of the remaining 50% stake of Prolec GE, its former unconsolidated joint venture with Xignux, for $5.275 billion. Prolec GE is a North American leader in transformers and transformer components.

“Milestone further positions GE Vernova as a global leader serving growing grid markets by expanding its presence and support in North America.”business.sherbrookerecord.com

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• business.sherbrookerecord.comContact Us - Sherbrooke Record - GE Vernova Completes Prolec GE Acquisition, Accelerating Electrification Segment Growth TrajectoryGE Vernova Inc.May 25, 2018

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