GE Vernova completed the acquisition of the remaining stake in GESAT from Dussur.

GE Vernova, an energy equipment manufacturing and services company, completed the acquisition of the remaining stake in GESAT, a Dussur and General Electric joint venture formed to manufacture heavy duty gas turbines, from Dussur, a Saudi government company established for industrial investment and development. Financial terms were not disclosed. “Dussur’s decision to sell its shares to GE Vernova follows achieving the investment and development objectives of this investment in GESAT, the company has been able to employ and train a number of young national talents and transfer knowledge in the field of gas turbine technology,” Dr. Raed Alrayes, Dussur CEO.