Energy technology: Berlin high-voltage specialist Trench sold for $9 billion
The network of large long-distance power lines is becoming increasingly important in the energy transition. The energy technology group GE Vernova from the USA is now taking over a specialized company from Berlin.
GE Vernova is buying Trench Group from investment firm Triton for 8.4 billion euros. Trench, a specialist in high-voltage technology, makes products such as measuring transformers and coils for substations. The company, which has 2500 employees, has seen its revenue double to over 1 billion euros since Triton acquired it three years ago. GE Vernova expects Trench's revenue to rise to 1.9 billion dollars by 2028.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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