Purchasing the remaining 50% of the joint venture from Xignux is a very alluring and profitable acquisition of a top provider of grid equipment.
strengthens GE Vernova’s capacity to service clients, particularly in North America, and speeds up growth for the company’s fastest-growing business, Electrification.
Prolec GE anticipates low double-digit sales growth in the upcoming years and $3 billion in revenue at about a 25% adjusted EBITDA margin* in 2025. At closure, the $5.275 billion acquisition price is anticipated to be paid for equally with debt and cash.