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GE Vernova to Pay $9 Billion for Grid Supplier Trench Group

· bloomberg.com · popularity 35/100 · 0 similar stories today · Engineering & How Things Work (Discovery & Research)

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Summary

GE Vernova Inc. agreed to pay $9 billion to acquire Trench Group in a deal aimed at bolstering its portfolio of high-voltage power grid equipment to meet the surging demand for electricity.

Found in: Bloomberg Markets. Rating basis: single outlet; outlet tier 5; 1 feeds; feed position 18.