Xignux´s Companies
- GE Vernova to acquire from Xignux the remaining 50% stake of Prolec GE, a joint venture between the two companies.
- $5.275B purchase price at closing.
Monterrey, N. L.; October 21, 2025. Xignux and GE Vernova (NYSE: GEV) today announced that GE Vernova will acquire the remaining fifty percent stake of Prolec GE joint venture, a company both firms have built together as long-standing partners for more than three decades.
This strategic agreement responds to Xignux´s 2030 Vision and will allow the company to focus attention and resources on the energy and food sectors, where it maintains a leadership position, sees strong growth potential and value creation for its customers, communities, and employees.
The deal will accelerate GE Vernova’s Electrification segment’s growth trajectory, the company’s fastest-growing segment, by expanding its presence in and support for North America, where demand for grid technologies is rising rapidly.
This acquisition expands GE Vernova’s capability to serve both North American and global customers, at a time in which these markets are experiencing rapid electricity demand growth, driven in part by the growth of data centers and new policies implemented to expand the deployment of critical grid and electrification equipment.
Prolec GE is a leading grid equipment supplier, producing transformers across most ratings and voltages with approximately 10,000 global employees across seven manufacturing sites globally, including five in the U.S. The joint venture was originally established between Xignux and General Electric (GE) in 1995, and this acquisition consolidates Prolec GE after 30 years of partnership.
Juan Ignacio Garza Herrera, Xignux CEO stated “We have taken this decision with full conviction after years of valued partnership with GE Vernova. We are taking a strategic step that strengthens our future platform, making it more focused, sustainable, and with greater financial flexibility. We will continue to invest in innovation, technology, and expansion across our companies Viakable, Qualtia and BYDSA. At the same time, we will continue exploring new investment opportunities in the energy and food sectors. We reaffirm our commitment to México and will continue driving our operations in North America, contributing to the development and integration of the region. I want to express my deep gratitude to all Prolec GE employees, whose talent, commitment, and dedication have been essential”.
“We’re excited to execute this highly attractive and strategic move to acquire full ownership of our Prolec GE joint venture from Xignux, which accelerates GE Vernova’s global strength in grid technologies”, said GE Vernova CEO Scott Strazik.
“This acquisition aligns with our strategic and financial objectives and is also good for our customers by strengthening our presence in North America where demand for grid equipment is growing rapidly. The deal is immediately accretive before synergies, with a partner we know well, and will drive additional profitable growth for GE Vernova. I want to thank the teams at both companies and look forward to welcoming the Prolec GE team to GE Vernova”.
Recent Prolec GE capacity expansion and innovation investments exceed $300 million in the U.S. and Mexico, including a recently announced $140 million investment and the creation of hundreds of new jobs over the next three years.
Under the purchase agreement, GE Vernova will pay $5.275 billion at closing, expected to be funded equally between cash and debt. The acquisition is expected to close by mid-2026, subject to the completion of customary regulatory approvals.
J.P. Morgan Securities LLC acted as exclusive financial advisor to Xignux, and Sidley Austin LLP served as legal counsel. Morgan Stanley & Co advised GE Vernova on the transaction and Skadden, Arps, Slate, Meagher, & Flom LLP provided legal counsel to GE Vernova.
About Xignux
Xignux is a leader in the energy and food industries. Based in Monterrey, México, we manage a variety of companies that energize life and society to contribute to a better world, thanks to the hard work and talent of more than 33,000 employees in México, the United States, and Brazil. In the energy industry, Viakable offers electrical conductors, and Prolec GE specializes in energy transformation and delivery. In the food sector, Qualtia provides a wide portfolio of cheeses, cold cuts, meats, and food service, while BYDSA produces savory snacks. Through its Social Responsibility model and the Xignux Foundation, the company also contributes to society’s sustainable development with active participation in four priority areas: energy, nutrition, education, and community development. Xignux was founded 69 years ago and the solutions from its companies reach over 35 countries. Learn more about Xignux at www.xignux.com or follow us on LinkedIn Xignux.
About GE Vernova
GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 75,000 employees across approximately 100 countries around the world.
Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. GE Vernova currently employs approximately 18,000 people in the United States of America across all 50 states. With more than 129 years of experience in Mexico, GE Vernova today employs over 1,700 people across five sites, and its equipment provides 38 GW of electricity generating capacity—nearly 42% of the country’s total—through advanced technologies including eight HA gas turbines, the Laguna Verde nuclear plant, and one of the world’s largest fleets of F-class gas turbines.
Media Contact
Julio Salinas Lombard
Media Relations Manager
julio.salinas@xignux.com
Xignux Corporate Offices
Juan Ignacio Garza Herrera – CEO of Xignux
Prolec GE
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