GE Vernova to Acquire Trench Group

A high-growth, accretive acquisition of a global leader in complementary high-voltage grid equipment that increases scale and geographic reach Vertically integrates an existing supplier and increases capacity for key grid equipment Trench Group expects $1.9B in revenue at approximately 36% adjusted EBITDA margin* in 2028 $9.0B USD equivalent purchase price, currently expected to be funded equally with cash and debt, reflects 13x 2028 adjusted EBITDA* before synergies; close expected in late 2027 CAMBRIDGE, Mass., October 28, 2026--(BUSINESS WIRE)--GE Vernova Inc. (NYSE: GEV) today announced that it has signed an agreement to acquire Trench Group ("Trench"), a global leader in high-voltage grid equipment, from investment firm Triton Partners.