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Trench Group
GE Vernova to buy grid supplier Trench for $9 billion
GE Vernova has agreed to buy Berlin-based high-voltage grid equipment maker Trench Group from investment firm Triton Partners for $9 billion. The deal is meant to grow the company's electrification business as utilities around the world increase spending on power…
GE Vernova to buy grid supplier Trench for $9 billion
GE Vernova said Wednesday, October 28, that it has agreed to buy Trench Group, a maker of high-voltage grid equipment, from investment firm Triton Partners for $9.0 billion. The company is betting that utilities and data-center operators will keep spending…