GE Vernova to Buy High-Voltage Grid Equipment Manufacturer for $9 Billion
By Connor Hart
GE Vernova inked a deal to buy Trench Group, a high-voltage grid equipment manufacturer, from investment-firm Triton Partners for $9 billion.
The energy company, formed from the breakup of General Electric, said Wednesday the acquisition will create scale across its electrification portfolio, helping it to meet increasing demand for grid-modernization and energy-security technologies.
"Trench's differentiated high-voltage grid technology, strong execution, and deep customer relationships are key enablers of the modernized, resilient grid required to keep pace with the electricity supercycle," GE Vernova Chief Executive Scott Strazik said.
Trench's products are found in the majority of high-voltage direct current lines built globally, according to GE Vernova. The company serves more than 800 global utilities and hyperscalers, with a manufacturing footprint that spans 11 sites across Europe, North America and Asia.
The deal, currently expected to be funded equally between cash and debt, will further enable GE Vernova to serve fast-growing demand for grid equipment, the company said.
The acquisition is expected to close in late 2027, subject to the completion of customary regulatory approvals.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
October 28, 2026 06:53 ET (10:53 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
5 Stocks to Buy Trading at Big Discounts
2 Undervalued Stocks to Buy With Long-Term Growth Ahead
The Market May Be Too Pessimistic About This 4-Star Dividend Stock
4 Stocks to Buy for the Long-Term While They’re Still Undervalued
United States