GE Vernova Announces Acquisition of Prolec GE and Reports Strong Q3 2025 Financials
GE Vernova (GEV) announced the acquisition of the remaining 50% of Prolec GE for $5.275 billion, expected to close by mid-2026. The company reported a significant increase in backlog and revenue, with overall revenue rising 10% in Q3 2025. Prolec GE is projected to contribute $3 billion in revenue and 25% EBITDA margin in 2025.
Tickers: $GEV
Topics: acquisition backlog financial performance orders Prolec GE revenue projections