India, Oct. 28 -- GE Vernova Inc. (GEV), a energy equipment maker and services provider, said on Wednesday that it has signed a deal to acquire Trench Group, a high-voltage grid equipment firm, from Triton Partners, an investment company, for $9 billion, to be funded by cash and debt.
The transaction is expected to close in late 2027. The acquisition will directly enhance GE Vernova's two largest electrification businesses, Grid Systems Integration and Power Transmission, to deliver the technologies and manufacturing capacities needed for the global electricity industry.
GE Vernova CEO Scott Strazik, said: "With a margin-accretive financial profile and approximately $5 billion in backlog and framework agreements, some of which reach into ...