GE Vernova agrees to acquire Trench Group for $9 billion - OilPrice

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  "signal_type": "news",
  "signal_subtype": "has_earnings",
  "detected_at": "2026-10-28T22:38:00+00:00",
  "company": {
    "name": "GE Vernova",
    "domain": "gevernova.com"
  },
  "data": {
    "url": "https://ua.news/en/money/ge-vernova-domovilasia-pridbati-trench-group-za-9-mlrd-dolariv-oilprice",
    "title": "GE Vernova agrees to acquire Trench Group for $9 billion - OilPrice - UA.NEWS",
    "excerpt": "GE Vernova has agreed to acquire high-voltage grid equipment manufacturer Trench Group from investment company Triton Partners for $9 billion. The company also raised its 2026 revenue forecast for the third consecutive time, to $46.5–$47.5 billion from the $45.5–$46.5 billion range in its July forecast, OilPrice reports . Trench Group manufactures equipment for high-voltage power grids. The deal is expected to add a facility in Charlotte to GE Vernova, where production of 765-kilovolt-class equipment is planned to begin at the end of 2027. The company will also receive Trench’s order backlog of approximately $5 billion and expand its presence in Europe and Asia. GE Vernova expects Trench to generate about $1.9 billion in revenue in 2028, with an adjusted EBITDA margin of approximately 36%. By 2030, the company expects annual cost reductions of $50–$100 million. Half of the deal’s value is planned to be paid in cash, with the other half financed through debt. The acquisition is expected to be completed at the end of 2027. More current news is available on the UA.News Telegram channel Telegram . GE Vernova CEO Scott Strazik estimated the global market for high-voltage equipment at $130 billion by the end of the decade. According to the company, utilities are increasing investment in grids to replace aging infrastructure and meet demand from data centers and industrial...",
    "summary": "GE Vernova reported third-quarter adjusted EBITDA of $1.94 billion.",
    "planning": false,
    "image_url": "https://cdn-cabinet.ua.news/uploads/images/ge_vernova_to_buy_trench_group_for_9_bil_1793226521351.webp",
    "confidence": 0.9,
    "published_at": "2026-10-28T22:38:00Z",
    "article_sentence": "Adjusted EBITDA amounted to $1.94 billion and exceeded analysts’ estimates compiled by LSEG.",
    "amount_normalized": 1940000000
  }
}

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