Search results for: Alstom

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  • 9 May 2014

    If the GE’s acquisition bid for Alstom’s Energy division gets the green light, the French government will ask the American industrial giant to sell Alstom’s offshore wind turbine business to Areva, France’s largest provider of nuclear energy, writes Les Echos. “It would make sense to have one sole French actor in this industry,” the government […]

  • 20 June 2014
    Business & Finance

    GE said it has updated its April 26 offer to acquire the Power and Grid businesses of Alstom in connection with discussions with Alstom management and the French government on jobs, decision-making in France, access to nuclear steam turbine technology, and support for Alstom Transport. GE’s valuation for Alstom remains unchanged. GE Chairman and CEO […]

  • 16 June 2011
    Business & Finance

      The Alstom Board has approved a major reorganisation of the company proposed by Patrick Kron, Chairman and Chief Executive Officer of Alstom. This reorganisation is effective on 4 July 2011. Alstom has undergone a period of strong growth, followed by the necessary adaptation to a tougher economic environment created by the crisis. As the […]

  • 14 February 2012
    Business & Finance

    Starting on February 20th, 2012, Jacques Hardelay will join Alstom Renewable Power as Alstom Hydro Europe President. He will report to Jérôme Pécresse, Alstom Renewable Power President and Alstom Executive Vice-Président. Born in 1950, Jacques Hardelay graduated from the ESME SUDRIA school of mechanics and electricity. After joining the industry in 1976, he took on […]

  • 4 November 2011

    Following the call for tenders for offshore wind energy launched in July 2011 by the French Government, Alstom is planning to establish up to two sites dedicated to the production of components and to the assembly of 6 MW offshore wind turbines in the port areas of Saint-Nazaire (Loire-Atlantique) and Cherbourg (Manche). These two French […]

  • 19 May 2014
    Business & Finance

    German energy giant, Siemens, could submit an official bid for Alstom by the end of this week. Siemens is working on an offer that could take the form of an asset swap. As a result, Siemens could offer its rail unit with a certain amount of cash for Alstom’s power business, according to Reuters. Last […]

  • 25 February 2015
    Business & Finance

    The European Commission (EC) will undertake an in-depth investigation to assess whether GE-Alstom merger is in line with the EU regulations. Commissioner Margrethe Vestager, in charge of competition policy, said: “We are concerned that the proposed acquisition might not only lead to higher prices but also result in less choice for customers and less innovation […]

  • 23 June 2014
    Business & Finance

    GE was informed that the Alstom Board of Directors has unanimously decided to positively recommend GE’s offer to acquire the Power and Grid businesses of Alstom. With this decision, the transaction will proceed with Works Councils consultation, customary regulatory approvals and Alstom shareholder approval. The deal is expected to close in 2015. GE Chairman and […]

  • 19 January 2015
    Business & Finance, Technology

    Alstom is back at the World Future Energy Summit (WFES), from the 19th to the 22nd of January, to present its latest technologies and long-lasting expertise in renewable energy and electricity transmission. This gathering on the future of energy aiming at addressing the world’s energy challenges is very much aligned with Alstom’s focus on renewable energies, […]

  • 31 January 2014
    Business & Finance, Technology

    Construction works on Alstom’s two offshore wind turbine factories in Saint-Nazaire, France, are gaining momentum, the company said via social media. A year ago, Alstom started building these factories for the production of generators and assembly of nacelles for its Haliade™ 150-6MW offshore wind turbine. Facilities will be scaled for a production capacity of 100 […]

  • 7 November 2014

    As part of their testing programmes at the European Marine Energy Centre (EMEC) in Orkney, Scotland, Alstom’s tidal devices have now generated over 1GWh of electricity, in actual operating conditions, to the Scottish grid. Alstom’s 1MW tidal turbine, deployed in 2013 as part of the ReDAPT project, at EMEC’s tidal test site, has demonstrated its […]

  • 10 January 2014

    Alstom announced that Yves Rannou will serve as Senior Vice-President for Alstom Wind, effective April 1, 2014. Rannou, who will serve as a member of the Executive Committee of Alstom Renewable Power, will be based in Barcelona and will be in charge of all activities related to onshore and offshore wind for Alstom. He succeeds […]

  • 17 June 2014
    Business & Finance

    Mitsubishi Heavy Industries, Ltd (MHI) and Siemens AG have joined forces and provided a proposal for the French multinational conglomerate, Alstom. Pursuant to this, MHI and Siemens propose several transactions in order to preserve Alstom’s current perimeter in almost all its activities, enhance its industrial sustainability, strengthen its position as a diversified global player in […]

  • 30 April 2014
    Business & Finance

    GE and Alstom announced today that GE has submitted a binding offer to acquire the Thermal, Renewables (“Power”) and Grid businesses of Alstom (ALO.PA) consisting of $13.5 billion (€9.9 billion) enterprise value and $3.4 billion (€2.5 billion) of net cash, totaling $16.9 billion (€12.35 billion). The Alstom board of directors has positively received GE’s offer […]

  • 20 May 2014
    Business & Finance

    The American energy giant General Electric (GE) is considering an asset sale to French companies in order to get the French government’s nod for the Alstom deal. According to Bloomberg, GE is in talks with French companies over possible ventures in Alstom’s nuclear, wind turbine and rail signaling businesses, or even a sale thereof. Even […]

  • 17 April 2013

    Following its recent acquisition of Tidal Generation Limited from Rolls-Royce, Alstom’s 1MW tidal turbine generated power for the first time at the European Marine Energy Centre’s (EMEC) tidal test site in Orkney, Scotland, in March. It is the second Alstom tidal turbine generating power to the grid. This milestone positions Alstom at the forefront of […]

  • 10 May 2013

    International engineering firm Alstom, which employs around 6,500 people in the UK, has released its final year figures and given details of the number of open vacancies it has. The UK arm of the company, which has operations in power, grid and transport, had sales of just over £1bn in the financial year 2012/13. This […]

  • 29 October 2013

    Alstom’s full-scale tidal device installed at the European Marine Energy Centre (EMEC) in Orkney, Scotland, has now injected over 100MWh of electricity into the grid. This is a major milestone in the development of Alstom’s tidal stream device which follows the earlier connection of the turbine to the grid and the progressive ramp up to […]

  • 26 May 2014
    Business & Finance

    Areva would be more interested in Alstom’s offshore wind contracts than its technology, writes Reuters. Recently, Areva said it will consider acquiring Alstom’s wind energy business if the bid from the U.S.  company General Electric gets approved. After making a bid of EUR 12.35 billion bid for Alstom’s energy arm last month, GE, under the […]

  • 9 May 2014
    Grid Connection

    American company General Electric (GE) said it was not in negotiations with Japanese Toshiba over the Alstom’s power grid business, reported Reuters. According to the Nikkei Asian Review, Toshiba is set to offer an estimated several hundred billions of yen for Alstom’s grid segment if GE acquires it. GE denied these claims, saying that they […]

  • 19 June 2014
    Business & Finance

    Speaking at the Exane BNP Paribas’ investor conference, Alstom CEO Patrick Kron said that Siemens is “allowed to dream” in its intent to swap its transport business for Alstom’s gas activities, reports Reuters. Germany’s Siemens, alongside Mitsubishi Heavy Industries, Ltd (MHI) submitted a EUR 7 billion offer to Alstom where MHI would acquire their power […]

  • 26 January 2015

    The Alstom’s Haliade 150-6MW offshore wind turbine installed on the Carnet site in France has secured its final certification from the certification body DNV-GL. “This is a prerequisite for commercial operation,” Alstom said in a press release. The Haliade will be produced in the Saint-Nazaire plant inaugurated on 2 December 2014, with secured orders for […]

  • 25 September 2012

    Alstom has signed an agreement with Rolls-Royce to acquire Tidal Generation Limited (TGL), a wholly owned subsidiary of Rolls-Royce Plc, specialised in the design and manufacture of tidal stream turbines. Alstom’s acquisition of TGL is expected to be completed within the next few months, subject to closing conditions. TGL is at the forefront in the […]

  • 21 May 2014
    Business & Finance

    German conglomerate Siemens has requested more information from Alstom as part of due diligence prior to making an offer for the company. Yesterday, French Economy Minister Arnaud Montebourg said to a parliamentary economic affairs committee that: “Siemens is pursuing its work and has written to Alstom this morning asking for more information and a deeper […]

  • 31 July 2013

    From its immersion in January 2013, at the European Marine Energy Centre (EMEC) in Orkney, Scotland, Alstom’s full-scale tidal device has reached the full nominal power of 1MW after a series of gradual increases in power. The turbine connected to the grid has now generated over 10MWh of electricity, in actual operating conditions. Both are […]

  • 12 June 2014
    Business & Finance

    Mitsubishi Heavy Industries (MHI) and Siemens AG  announced that they have joined forces in evaluating a potential proposal for certain assets of the French multinational conglomerate, Alstom in order to strengthen the future position of Alstom, MHI and Siemens. MHI and Siemens will decide on the submission of a proposal to Alstom’s Board of Directors […]