Prolec GE Acquired by GE Vernova | Energy M&A Deal

GE Vernova has completed the acquisition of Prolec GE, a energy services other business in Massachusetts, for $18.3 billion. Prolec GE supplies grid equipment for power transmission and distribution, supporting utilities and industrial customers with electrical infrastructure solutions. GE Vernova acquires Prolec GE to expand energy M&A capabilities in electrification and strengthen its position in long-cycle electric power markets. The add-on acquisition follows GE Vernova acquisitions strategy and is part of energy deals MA activity by a strategic buyer, with the deal size exceeding $100M.