Earnings call briefThird-quarter 2026
GE Vernova says it has signed a $9 billion deal to acquire Trench Group
The company said it expects Trench revenue to approach $2 billion in 2028, after the expected close.
GetSignal GE Vernova GEV
On its third-quarter call, GE Vernova said it has signed to acquire Trench Group for $9 billion.
The company said it expects to close the deal in late 2027 and to fund its $9 billion price with an equal mix of debt and cash on hand. The company also said it expects to remain below 1x debt to adjusted EBITDA after issuing roughly $4.5 billion in debt for the acquisition.
Quotes from the call
“We are pleased to announce the signing of the Trench Group acquisition, which will strengthen our core Electrification offerings in high-voltage grid equipment, be accretive on day 1 and bring us industry-leading technology to innovate into the future and serve this growing market.”
Key facts from the call
- Purchase price
- $9 billion
- Company's expected price multiple
- 13 times 2028 EBITDA, before synergies
- Expected close
- Late 2027
- Expected funding
- Equal mix of debt and cash on hand
Source: GE Vernova's third-quarter 2026 earnings call, October 28, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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