On February 2, 2026, GE Vernova completed the acquisition of the remaining 50% stake in Prolec GE for $5.275 billion, funded through cash and debt, following regulatory approvals, to enhance its electrification product portfolio and capitalize on growth opportunities in the evolving electric industry.

Information on the target

On February 2, 2026, we successfully completed the acquisition of the remaining 50% stake in Prolec GE, a former unconsolidated joint venture with Xignux. This strategic transaction, initially announced in October 2025, was finalized following the receipt of all necessary regulatory approvals. The total purchase price for this acquisition was $5.275 billion, funded through an equal mix of cash and debt.

Prolec GE stands as a leader in the electric industry across North America, employing approximately 10,000 individuals across seven manufacturing sites in the Americas, five of which are located in the United States. The company specializes in producing a diverse range of transformers and transformer components essential for the generation, transmission, and distribution of electricity, alongside a comprehensive suite of transformer services.

Industry overview in the target’s specific country

The electric industry in the United States is undergoing significant transformation, driven by advancements in technology and a growing emphasis on sustainable energy solutions. As the demand for reliable and efficient energy sources continues to rise, companies like Prol