# 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.

- Type: Acquisition
- Announced: 2018-05-25
- Where: United States
- Value: $5.28B
- Status: completed
- Products: transformers, transformer components, transformer services
- 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

- [business.sherbrookerecord.com](https://business.sherbrookerecord.com/sherbrookerecord/article/bizwire-2026-2-2-ge-vernova-completes-prolec-ge-acquisition-accelerating-electrification-segment-growth-trajectory), 2018-05-25: "Milestone further positions GE Vernova as a global leader serving growing grid markets by expanding its presence and support in North America."

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