GE Vernova to buy Trench Group from Tritan Partners for $9bn

28th Oct 2026 12:44

(Sharecast News) - GE Vernova said on Wednesday that it has agreed to buy high-voltage grid equipment maker Trench Group from investment firm Tritan Partners for $9bn.

It said the deal will create scale across GE Vernova's electrification product lines, expanding its capabilities to better serve customers with integrated solutions that meet unprecedented demand for grid modernisation, energy security, and electrification technologies.

Headquartered in Berlin, Trench Group serves more than 800 global utilities and hyperscalers with high- and medium-voltage bushings, instrument transformers, and coils. With more than 3,000 employees, its manufacturing footprint spans 11 sites across Europe, North America, and Asia.

In 2028, the company expects to generate revenue of around $1.9bn and 36% adjusted EBITDA margin.

GE Vernova chief executive Scott Strazik said: "Trench's differentiated high-voltage grid technology, strong execution, and deep customer relationships are key enablers of the modernised, resilient grid required to keep pace with the electricity supercycle.

"With a margin-accretive financial profile and approximately $5 billion in backlog and framework agreements, some of which reach into the next decade, this acquisition will deliver both immediate earnings visibility and long-term strategic value. We are investing in our Electrification segment to meet the extraordinary growth opportunity in front of us, and our acquisition of Trench will further strengthen our ability to serve global customers with outstanding technology we know well."

The deal is expected to close late next year.