GE Vernova to acquire Prolec GE for $5.3B as AI drives power demand

GE Vernova will spend $5.3 billion to fully acquire power transformer-maker Prolec GE as artificial intelligence continues to ...

GE Vernova to fully own Prolec JV for $5.28 billion in grid supply push

GE Vernova said on Tuesday that it would acquire the remaining 50% stake of Prolec GE, its unconsolidated joint venture with ...
Offshore Engineer

GE Vernova Profit Tops Q3 Expectations on Equipment Orders

GE Vernova's profit topped third-quarter expectations on Wednesday, driven by strong equipment orders and surging U.S. power ...

GE Vernova Sees Gas Turbine Sales to Hyperscalers Surging

About 90% of the firm’s current turbine orders are for traditional customers like utilities and independent power producers, ...
Nasdaq

General Electric (GE) & Xignux's JV Unit to Buy SPX Transformer

GE-Prolec Transformers, Inc. — a subsidiary of General Electric Company GE and Xignux, S.A. de C.V.’s joint venture unit — recently entered into a deal with SPX Corporation SPXC to buy SPX Transformer ...
The Berkshire Edge

General Electric Company to start upland disposal facility preparation phase on Nov. 3 in Housatonic Rest of River remediation project

Those wishing to comment on the release do not have much time as the EPA stated it is “going through an expedited review ...
Forbes

General Electric: Showing Signs Of Promising Progress

The ongoing split up of General Electric GE Co. (GE, Financial) appears to be working wonders on the company’s prospects as it is currently outperforming the benchmark index. After several years of ...

Buffalo Transformer looking to expand Lockport facilities

A Lockport-based electrical transformer manufacturer wants to go on a $2.44 million expansion to boost its production capacity. Buffalo Transformer Services, which has been based at 10 Simonds St. for ...