GE Vernova to buy Trench Group for $9 billion to expand grid equipment capacity

GE Vernova agreed to pay $9 billion to acquire Trench Group, per Bloomberg.
The deal expands GE Vernova's capacity to supply high-voltage power grid equipment as electricity demand surges.
WSJ reports the acquisition of a high-voltage grid equipment manufacturer will create scale across GE Vernova's electrification portfolio.

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