US-based energy technology company GE Vernova has agreed to acquire Trench Group from investment company Triton Partners, for an estimated value of $9bn.
The agreement is intended to strengthen its Electrification segment by integrating Trench’s high-voltage grid equipment into its portfolio.
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The deal is projected to close in late 2027, subject to regulatory approvals and employee consultations where required.
Trench Group supplies high- and medium-voltage bushings, instrument transformers, and coils, serving over 800 utility and hyperscale customers worldwide.
The company, which has operated for over 130 years, employs more than 3,000 staff across 11 manufacturing facilities in North America, Europe, and Asia.
Trench expects revenues of $1.9bn and an approximately 36% adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin in 2028.
The acquisition purchase price reflects a multiple of 13 times the projected 2028 adjusted EBITDA before synergies, with GE Vernova planning to fund the transaction...