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GE Vernova Agrees to Buy Trench Group for $9 Billion

GE Vernova said the acquisition will help meet rising demand for grid-modernization and energy-security technologies.

GEV

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11:57:06 AM UTC
SquawkNews
UPDATE 3-GE Vernova boosts grid push with $9 billion Trench deal, lifts revenue forecast GE Vernova

By Connor HartGE Vernova agreed to acquire a high-voltage grid equipment manufacturer for $9 billion, a deal the company said will help meet increasing demand for grid-modernization and energy-security technologies.GE Vernova said Wednesday the deal for Trench Group, which it is buying from investm…