Overview
- GE Vernova said it will fund the acquisition with a mix of cash and debt.
- The companies expect the transaction to close in mid-2026, subject to regulatory approvals.
- CEO Scott Strazik described the deal as immediately accretive and said it will accelerate growth in the electrification segment while strengthening the company’s North American presence.
- Prolec GE is a major transformer supplier with about 10,000 employees and seven manufacturing sites, including five in the United States.
- Xignux said the sale supports its Visión 2030 plan to prioritize energy and food operations, including Viakable, Qualtia and BYDSA.