GE Vernova to acquire Trench Group for $9B

GE Vernova announced an agreement to acquire Trench Group, a provider of high-voltage grid equipment, from investment firm Triton Partners for $9 billion. The deal is intended to scale GE Vernova's Electrification product lines and is expected to be funded with cash and debt. GE Vernova expects Trench to generate mid-teens annual revenue growth through 2028 and $50-100M in annual cost synergies by 2030, citing a $130B global high-voltage market by 2030.

Detected & updated continuously · Source: Nebula