Alstom power systems sas

Did General Electric buy Alstom Power?

General Electric (NYSE:GE) on Monday announced the completion of its $10.6 billion acquisition of Alstom Power, which joins GE Power & Water to form GE Power.

What are Alstom Power Systems?

[edit] Alstom power activities were collectively called Alstom Power Systems and included the design, manufacturing, services, and supply of products and systems for the power generation sector and industrial markets. The group covered most energy sources, including gas, coal, nuclear, hydro, wind.

Who is GE & Alstom?

ia, President & CEOFrédéric Lalanne Global Sales & Marketing LeaderAbout GE’s Grid Solutions GE’s Grid Solutions, a GE and Alstom joint venture, equips 9 of the power utilities worldwide to bring power from the point of generation to end power consumers. With over 200 years combined experience in providing advanced e

Where did GE buy Alstom?

The completion of the Alstom transaction follows the regulatory approval of the deal in over 20 countries and regions including the EU, USA, China, India, Japan and Brazil. It is GE’s largest-ever industrial acquisition. GE reached an agreement with Alstom in 2014 to purchase Alstom’s power and grid businesses for €12.35 billion.

How will Alstom Power and grid acquisition impact GE's transformation?

“The completion of the Alstom power and grid acquisition is another significant step in GE’s transformation,” said Jeff Immelt, chairman and CEO, GE. “The complementary technology, global capability, installed base, and talent of Alstom will further our core industrial growth.

Why should GE choose Alstom Power?

By combining the strongest attributes of GE’s power generation technologies, services and expertise with Alstom Power’s technology and geography, the global utility sector will benefit from a world-class supplier of total power plant and life cycle solutions that can support equipment from multiple suppliers.