Energietechnik: Berliner Hochspannungs-Spezialist Trench für 9 Milliarden Dollar verkauft
Das Netz großer Überlandleitungen gewinnt in der Energiewende massiv an Bedeutung. Der Energietechnik-Konzern GE Vernova aus den USA übernimmt nun ein spezialisiertes Unternehmen aus Berlin.
Berlin's specialized high-voltage specialist Trench Group has been sold for $9 billion to U.S.-based Energiewende enterprise GE Vernova. The deal was announced on Wednesday, with Triton, the financial investor, acquiring Trench from GE Vernova's rival Siemens Energy three years ago. Triton intends to make a billion-dollar profit from the purchase.
Trench specializes in manufacturing transformers and coils for grid substations, a business that Siemens Energy had previously deemed non-core. As the renewable energy transition gains momentum, the demand for long-distance transmission of electricity generated by wind and solar power increases. Triton's acquisition added 800 employees to Trench's existing 2,500 workforce.
Trench's revenue has doubled to over $1 billion since Triton's takeover, thanks to the construction of a new factory in Charlotte, North Carolina, which began operations in the summer. GE Vernova expects Trench's revenue to reach $1.9 billion (approximately €1.7 billion) by 2028, with an operating profit margin of 36%. Including long-term contracts, the company's order backlog amounts to about $5 billion.
The newly appointed owner, GE Vernova, anticipates that Trench's stock will eventually go public.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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