GE Vernova acquires remaining Prolec GE stake

GE Vernova has acquired the remaining 50% stake in Prolec GE, finalising its transition from a joint venture (JV) with Xignux to full ownership. The deal, first announced in October 2025, concluded following approvals from relevant regulatory authorities. The purchase totalled $5.28bn (91.43bn pesos), financed through an equal split of cash and debt, as previously stated by the company. Prolec GE operates across seven manufacturing locations in the Americas, including five sites in the US, and employs ...