Prolec GE Acquisition
GE Vernova announced the acquisition of the remaining 50% of Prolec GE for $5.275 billion, expected to close by mid-2026. The acquisition is immediately accretive to EBITDA before synergies and aligns with strategic objectives to strengthen capabilities in the grid equipment market.
Strong Financial Performance
In Q3 2025, GE Vernova reported a 10% organic revenue growth, with adjusted EBITDA margins expanding by 600 basis points. The company generated $730 million in free cash flow, contributing to a healthy cash balance of nearly $8 billion.
Electrification Segment Growth
Electrification revenue increased over 30% with margins expanding to over 15%. Equipment orders more than doubled year-over-year, driven by strong demand in North America, the Middle East, and Europe.
Gas Power Segment Success
Gas Power orders grew 50%, led by equipment orders more than doubling year-over-year. The segment saw EBITDA margin expand to 13.3%.
Positive Renewable Energy Developments
Wind services orders increased by 27% year-to-date, and the company achieved higher offshore deliveries and increased onshore services, excluding a prior year offshore settlement.