On the Record · GE Vernova
GE Vernova acquisitions, on the record
The businesses GE Vernova bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Nexus ControlsWord for word“In the second quarter of 2023, our Gas Power business acquired Nexus Controls, a business specializing in aftermarket control system upgrades and controls field services.” 10-K for 2024 | acquisition | second quarter of 2023 | — |
part of the nuclear activities of Steam Power, sold to EDFWord for word“Cash from (used for) investing activities increased by $0.7 billion in 2024 compared to 2023 primarily driven by: net proceeds from principal business dispositions of $0.8 billion, primarily as a result of our Steam Power business sale of part of its nuclear activities to EDF in our Power segment; and the nonrecurrence of the net impact of our acquisition of Nexus Controls and other investment sales of $0.2 billion in 2023; partially offset by an increase in additions to PP&E and internal-use software of $0.1 billion.” 10-K for 2024 | divestiture | — | — |
power and grid businesses of AlstomWord for word“In November 2015, we acquired the power and grid businesses of Alstom, which prior to the acquisition was the subject of significant cases involving anti-competitive activities and improper payments.” 10-K for 2024 | acquisition | November 2015 | — |
Prolec GEWord for word“On October 21, 2025, we announced that GE Vernova will acquire the remaining fifty percent stake of Prolec GE, our unconsolidated joint venture with Xignux.” 10-K for 2025 | agreed acquisition | On October 21, 2025 | — |
Proficy businessWord for word“(a) During the third quarter of 2025 , we signed a binding agreement to sell the Proficy business , which resulted in $ 184 million of goodwill being reclassified to Assets held for sale i n our Consolidated and Combined Statement of Financial Position.” 10-K for 2025 | agreed divestiture | third quarter of 2025 | — |
| Fiscal year ended | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|
| 2022-12-31 | $0 | — |
| 2023-12-31 | $0 | $186 million |
| 2024-12-31 | $813 million | — |
| 2025-12-31 | $60 million | $84 million |
Deal filings since 2016
- 2025-07-23 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2024-04-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from GE Vernova’s annual reports (10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-01-29. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.