GE Vernova to Acquire Trench Group
Business Wire•28/10/2026•06:17 ET
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Key Highlights
- ➤$9.0B Trench acquisition price, funded equally with cash and debt
- ➤Trench forecasts $1.9B 2028 revenue at approximately 36% adjusted EBITDA margin
- ➤GE Vernova expects acquisition closing in late 2027, subject to approvals
- ➤Trench carries approximately $5B in backlog and framework agreements
- ➤765kV equipment manufacturing begins late 2027 at Charlotte facility
Expert Statements
Scott Strazik, CEO of GE Vernova
“Trench's differentiated high-voltage grid technology, strong execution, and deep customer relationships are key enablers of the modernized, resilient grid required to keep pace with the electricity supercycle.”
Scott Strazik, CEO of GE Vernova
“With a margin-accretive financial profile and approximately $5 billion in backlog and framework agreements, some of which reach into the next decade, this acquisition will deliver both immediate earnings visibility and long-term strategic value.”
Scott Strazik, CEO of GE Vernova
“We are investing in our Electrification segment to meet the extraordinary growth opportunity in front of us, and our acquisition of Trench will further strengthen our ability to serve global customers with outstanding technology we know well.”
Scott Strazik, CEO of GE Vernova
“I look forward to welcoming the Trench team to GE Vernova.”
Dr. Bahadir Basdere, President and CEO of Trench Group
“Trench Group has spent more than 130 years earning the trust of the world's leading utilities and grid operators. Joining GE Vernova will be a defining opportunity to build on that legacy with even greater capabilities and reach,”
Dr. Bahadir Basdere, President and CEO of Trench Group
“GE Vernova's global scale, customer relationships, and footprint in key growth regions will offer more market participants access to the high-voltage components that the energy transition demands.”
Dr. Bahadir Basdere, President and CEO of Trench Group
“Our team is excited about the development and growth opportunities that the combination with GE Vernova is expected to create.”
Dr. Bahadir Basdere, President and CEO of Trench Group
“I look forward to what our teams can achieve together – and to serving all existing and future customers with the technology, quality, and reliability Trench stands for.”
* 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
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