GE Vernova acquires Trench Group for $9B
The acquisition integrates high-voltage grid equipment capabilities, expanding scale and geographic reach to meet global electrification demand. The deal is expected to close in late 2027.
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Electrification and decarbonization technology company
gevernova.comLast updated
In short: GE Vernova reported a record $176 billion backlog and secured the first U.S. small modular reactor permit before Q3 results.
The acquisition integrates high-voltage grid equipment capabilities, expanding scale and geographic reach to meet global electrification demand. The deal is expected to close in late 2027.
CEO Scott Strazik and CFO Ken Parks will discuss the results in a webcast at 7:30 AM ET. The earnings press release is available on the Investor Relations website.
Orders surged 88% to $24.2B, revenue rose 22% to $11.1B, and free cash flow reached $5.1B.
The dividend is payable July 14, 2026 to shareholders of record June 16, 2026. Future declarations are at the Board's discretion based on earnings and cash needs.
GE Vernova (GEV) delivered a trio of market-moving announcements alongside its 2026 third-quarter results: a $9 billion acquisition of grid component maker Trench Group, a...
GE Vernova (NYSE:GEV) presented third-quarter 2026 results on October 28 that exceeded Wall Street expectations while unveiling a transformative $9.0 billion acquisition of Trench Group...
GE Vernova just beat estimates, raised guidance, doubled its buyback, and agreed to a $9 billion...
For full-year 2026, GE Vernova now expects revenue of $46.5 billion to $47.5 billion, up from its previous range of $45.5 billion to $46.5 billion...
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