GE Vernova Stock Price Hits New High as Prolec GE Buyout Closes and Bond Sale Starts

GE Vernova acquires remaining Prolec GE stake

GE Vernova has acquired the remaining 50% stake in Prolec GE, finalising its transition from a joint venture with Xignux to full ownership.

GE Vernova stock price hits new high as Prolec GE buyout closes and bond sale starts

New York, February 2, 2026, 19:18 EST — After-hours GE Vernova shares rose about 4% on Monday, closing at $754.97. The stock held near that level in after-hours trading. GE Vernova said it bought the remaining 50% of Prolec GE from Xignux for $5.275 billion, funded with an equal mix of cash and debt, and said the deal should be immediately accretive — expected to add to earnings — before synergies. Prolec has about 10,000 employees across seven …

GE Vernova Completes Prolec GE Acquisition

CAMBRIDGE, Mass.–(BUSINESS WIRE)–GE Vernova Inc. (NYSE: GEV) today announced it has completed the acquisition of the remaining 50% stake of Prolec GE, its former unconsolidated joint venture with Xignux. The transaction, originally announced in October 2025, closed following receipt of all required regulatory approvals, for a purchase price of $5.275 billion, funded as previously disclosed with an equal mix of cash and debt. Prolec GE is an elec…

GE Vernova Completes Prolec GE Acquisition, Accelerating Electrification Segment Growth Trajectory