GE Vernova to buy Trench Group in $9 billion deal; shares rise
GEV•GE Vernova will buy Trench Group from Triton Partners for $9 billion, with the deal expected to close in late 2027. The company raised its full-year revenue forecast to $46.5 billion-$47.5 billion from $45.5 billion-$46.5 billion.
1. Deal and forecast
GE Vernova said it will buy high-voltage grid equipment manufacturer Trench Group from investment firm Triton Partners in a $9 billion deal, expected to close in late 2027. The company said it seeks to expand its electrification business and capitalize on surging investment in power grids. Separately, it raised its full-year revenue forecast for a third consecutive time, to $46.5 billion-$47.5 billion from $45.5 billion-$46.5 billion.
