Prolec GE to acquire SPX’s Transformer Solutions business
- Acquisition will enhance Prolec GE’s position as a key player in the growing power transformer market in the Americas
- Strong operating assets that bring complementary product offering and talent to Prolec GE
- Expected to close during the second half of 2021
MONTERREY, N.L., MEXICO, June 9, 2021 – GE-Prolec Transformers, Inc., (together with its affiliates, “Prolec GE”), a subsidiary of a 50/50 joint venture between GE Vernova (NYSE: GEV) and Xignux, a Mexico-based private company