GE Vernova to Fully Acquire Prolec GE Joint Venture

Oct 21, 2025 4:31 PM Eastern Daylight Time GE Vernova to Fully Acquire Prolec GE Joint Venture Share CAMBRIDGE, Mass.--(BUSINESS WIRE)--GE Vernova Inc. (NYSE: GEV) today announced that GE Vernova will acquire the remaining fifty percent stake of Prolec GE, its unconsolidated joint venture with Xignux, further positioning GE Vernova as a global leader serving growing grid markets. The deal will accelerate GE Vernova's Electrification segment's growth trajectory, the company's fastest-growing segment, by expa ...