GE Vernova Completes $5.3 Billion Acquisition of Prolec GE

Reuters02-03

GE Vernova Completes $5.3 Billion Acquisition of Prolec GE

GE Vernova has completed the acquisition of the remaining 50% stake of Prolec GE, its former joint venture with Xignux, for $5.275 billion. This move fully integrates Prolec GE and its affiliates into GE Vernova, with the business now operating within the company’s Electrification segment and going to market as GE Vernova. The acquisition, which received all required approvals and was funded with an equal mix of cash and debt, is expected to immediately contribute to GE Vernova’s financial performance and is reflected in the company’s latest financial guidance for 2026 and outlook for 2028. Ricardo Suarez will remain as CEO of Prolec GE, reporting to GE Vernova Electrification CEO Philippe Piron, and the leadership team will stay in place to ensure a smooth integration and continued customer service.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GE Vernova Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260202991381) on February 02, 2026, and is solely responsible for the information contained therein.

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This move fully integrates Prolec GE and its affiliates into GE Vernova, with the business now operating within the company’s Electrification segment and going to market as GE Vernova. The acquisition, which received all required approvals and was funded with an equal mix of cash and debt, is expected to immediately contribute to GE Vernova’s financial performance and is reflected in the company’s latest financial guidance for 2026 and outlook for 2028. Ricardo Suarez will remain as CEO of Prolec GE, reporting to GE Vernova Electrification CEO Philippe Piron, and the leadership team will stay in place to ensure a smooth integration and continued customer service.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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