The facts
The acquisition is expected to close in late 2027, subject to regulatory approvals and required employee consultation. GE Vernova expects to fund it equally with cash and debt. [1][3]
Trench has more than 3,000 employees and 11 manufacturing sites across Europe, North America and Asia. Its products include instrument transformers, bushings and coils. [1]
GE Vernova’s third-quarter revenue was US$12.6 billion, up 27% year on year; net income was US$1.3 billion. Adjusted EBITDA, a non-GAAP measure, was US$1.9 billion. [2][3]
The company raised its 2026 revenue outlook to US$46.5–47.5 billion from US$45.5–46.5 billion, and its non-GAAP free-cash-flow forecast to US$16–17 billion from US$11.5–12.5 billion. [2][3]
Its non-GAAP adjusted EBITDA margin forecast rose to 13.5–14.5% from 12–14%. The board doubled the share-buyback authorisation to US$20 billion. [2]
Relevant context
The announced purchase-price equivalent uses EUR/US$1.12; the eventual dollar equivalent can change with exchange rates. Forecasts and closing dates are expectations, not completed results. [1][2]
Sources
References support the numbered facts above. Source checks: 29 Oct 2026, 06:13 UTC.
- GE Vernova to acquire Trench Group
GE Vernova · Primary source · 28 Oct 2026
- Third Quarter 2026 Financial Results and Agreement to Acquire Trench Group
GE Vernova · Primary source · 28 Oct 2026
- GE Vernova boosts grid push with $9 billion Trench deal, lifts revenue forecast
Reuters via Euronext · Reporting · 28 Oct 2026