GE Vernova Third Quarter 2025 Webcast and Prolec Acquisition

The provided text consists of excerpts from a GE Vernova 3Q’25 Webcast presentation on October 22, 2025, detailing both the company's recent financial performance and a significant acquisition. The primary focus is the announcement of GE Vernova's plan to fully acquire the remaining 50% stake in Prolec GE, a joint venture specializing in transformers and grid equipment, for $5.275 billion. This strategic acquisition is intended to accelerate growth within GE Vernova's Electrification segment, particularly by enhancing its ability to serve the rapidly expanding North American grid equipment market. Furthermore, the presentation reviews the strong financial results for the third quarter of 2025, highlighting double-digit revenue growth and significant backlog increases in the Power and Electrification segments, while also reaffirming the full-year 2025 guidance. The documents stress the expected financial accretion of the Prolec GE deal, including an incremental $0.6 billion to EBITDA by 2026, and mention the company's commitment to disciplined capital allocation.

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