GE Vernova, a division of General Electric, has agreed to purchase the heavy-duty gas turbine combustion parts business of Woodward, located in Greenville, South Carolina, US.
The move is a strategic effort by GE Vernova to bolster US manufacturing and strengthen its domestic supply chain.
GE Vernova will acquire all assets associated with Woodward's Greenville site, which is primarily engaged in supplying parts and services to GE Vernova's gas turbine manufacturing operations.
GE Vernova has had a presence in the Greenville region for more than five decades, with operations that include gas turbine manufacturing and testing, and global engineering support.
GE Vernova Gas Power business president and CEO Eric Gray stated: “We are excited to acquire and integrate this critical capability for our domestic supply chain as we continue to see increasing demand for our heavy-duty gas turbines and upgrades globally.
“Welcoming these experts to our Greenville, SC team will further enable us to address this growing demand from our customers and meet the electrification needs of our country while serving as an indicator of our commitment to the industry and the community.”
Although the financial details of the deal remain undisclosed, the acquisition is anticipated to be finalised in early 2025.
GE Vernova is committed to collaborating with Woodward to ensure a seamless transition for the Greenville employees.
Woodward chairman and CEO Chip Blankenship stated: “We are pleased to sign this agreement with GE Vernova.
“This targeted transaction is good for our customers and members and will allow us to focus resources on products that will drive the most value as part of Woodward.
“I am grateful for our Greenville members’ longtime dedication to Woodward and to serving the customer. They will have opportunities to continue their great work as GE Vernova takes on ownership of the operations.”
In November 2024, GE Vernova and ASHOMCo completed FEED studies to reduce carbon emissions at three Saudi cogeneration plants.
