#1 electric vehicle, solar, & battery news + analysis site in the world. Support our work today.


Published on April 28th, 2014 | by James Ayre


GE May Buy Alstom For A Whopping $13 Billion!

April 28th, 2014 by  

General Electric is reportedly in talks to buy Alstom SA — one of the biggest energy solutions and transportation companies in the world — for more than $13 billion.

This would put the buying price about 25% higher than Alstom’s current market price. If completed, the acquisition of the French-owned multinational builder of power plants and trains will be GE’s largest ever.

 Image Credit: Alstom

Image Credit: Alstom

If the deal goes through, an agreement may be announced as early as this week, according to Bloomberg‘s unidentified source.

The deal would give the US maker of jet engines and locomotives control of Alstom’s technology for power transmission and power plant maintenance as Europe’s economy starts to revive. A purchase of Alstom, which also sells high-speed TGV trains and rail signals, would be a rare example of a major French company being taken over by a US rival.

For a couple of examples of the technologies in question — the ones that GE will gain control of — see: Alstom Completes World’s Largest Offshore Wind Turbine; Alstom To Build Israeli Hydro Storage Power Plant; and Alstom Joins 250 MW Swansea Bay Tidal Power Project.

“Acquiring Alstom would put an exclamation point on GE’s return to deals,” stated Sanford C Bernstein analyst Steven Winoker. “It is among the best fits we have seen with the GE portfolio for some time.”

GE and Alstom have, again, reportedly, already held talks with government officials in France in order to address any potential political concerns that the government there may have.

We’ll keep you posted on any further developments. 🙂 
Follow CleanTechnica on Google News.

Latest Video from CleanTechnica.TV

Advertisement magically provided by Google:


Tags: , , , , ,

About the Author

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.

Back to Top ↑