GE Vernova Acquires Remaining 50% of Prolec GE
February 3, 2026
GE Vernova completed the purchase of the remaining 50% stake in Prolec GE from joint-venture partner Xignux for $5.275 billion, funded with an equal mix of cash and debt. The acquisition converts the long-running JV into a wholly owned business and brings Prolec GE (roughly 10,000 employees across seven manufacturing sites in the Americas) fully into GE Vernova’s Electrification segment to expand manufacturing capacity and services for North American grid markets.
- Buyers
- GE Vernova
- Targets
- Prolec GE
- Sellers
- Xignux
- Industry
- Manufacturing
- Location
- Nuevo León, Mexico
- Transaction Type
- Buyout
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