GE Vernova buys grid equipment maker Trench Group for $9 billion

GE Vernova (GEV) agreed on Wednesday October 28 to buy Trench Group for $9 billion. Trench makes high-voltage grid equipment, and utilities are spending more on power lines to meet electricity demand from data centers. The company also raised its 2026 revenue forecast for the third straight time. AI Infrastructure & Compute holds GEV as a long position.