How GE Vernova’s Prolec Deal Will Help Scale Electrification

NodeGuardian · 2026-02-21T12:28:52+00:00

GE Vernova has acquired the remaining 50% stake in Prolec GE for US$5.275bn, aiming to boost electrification in North America and enhance growth by integrating Prolec GE's capabilities while maintaining its leadership.

NodeGuardian

2026-02-21 12:28:52

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GE Vernova has completed the acquisition of the remaining 50% stake in Prolec GE from Xignux, consolidating a 30-year joint venture and forming its first major acquisition as a public company. The US$5.275bn deal aims to accelerate electrification growth, particularly in North America, by integrating Prolec GE’s manufacturing capabilities and retaining its original leadership. This strategic move is expected to drive profitable growth, enhance grid capacity, and streamline project delivery for customers.

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