GE Vernova Buys Trench Group for 9 Billion Dollars
GE Vernova agreed to purchase Trench Group for nine billion dollars to expand its grid business. The company also raised its full-year revenue forecast for the third time following strong quarterly results.
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GE Vernova will acquire Trench Group for $9 billion in cash and debt, expanding its high-voltage grid business. The transaction drives a third consecutive upward revision to the company's full-year revenue forecast. Utilities are ramping up infrastructure spending to meet surging electricity demand from data centers and industrial electrification.
