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GE Vernova announced it will acquire the remaining 50% stake in grid equipment maker Prolec GE from partner Xignux for a $5.275 billion purchase price at closing.
Multipak, part of Xignux, began construction of a $7.4 million plant at the Centro Logistico Industrial in Durango, Mexico, expected to create about 300 jobs and start operations in late 2024.