GE Vernova (NYSE: GEV), the energy-focused company spun off from General Electric, announced a definitive agreement to acquire Trench Group for approximately $9.0 billion. Trench Group is a leader in high-voltage grid equipment. The acquisition is intended to increase GE Vernova’s scale and vertically integrate a key supplier as demand grows for grid modernization and electrification.
Alongside the acquisition announcement, GE Vernova reported strong third-quarter 2026 financial results. The company raised its full-year guidance for revenue, adjusted EBITDA margin and free cash flow. It cited robust orders, revenue growth, margin expansion and significant free cash flow generation as key drivers of its performance.