05:13 PM EDT, 10/21/2025 (MT Newswires) -- GE Vernova ( GEV ) said late Tuesday it will buy the remaining 50% stake in Prolec GE, its unconsolidated joint venture with Xignux, for about $5.275 billion.

Prolec GE, a grid equipment supplier, expects $3 billion in revenue at about 25% adjusted EBITDA margin in 2025 with low double-digit revenue growth in the coming years, the firm said.

The deal is expected to be funded equally with cash and debt, with closing anticipated by mid-2026, GE Vernova ( GEV ) said.