Last Updated: January 30, 2020 7:54 pm. Alstom signs $3 billion agreement with GE to exit energy joint ventures 2 Min Read The logo of Alstom is seen before a news conference to present … GE is organized around a global exchange of knowledge that we call the GE Store. And also, with the help of Alstom, GE can expand other OEM capability by using Alstom’s technology and expertise. Alstom has over $20 billion in revenue and 65k employees all over the world. The acquisition of Alstom’s power & grid businesses is an important step in GE’s transformation to a digital industrial company. GE wanted to acquire Alstom’s Power & Grid assets because the transaction would have added significant scale that would move the needle for a conglomerate like GE. PARIS – November 9, 2015 – With the completed acquisition of Alstom’s power and grid businesses, GE Digital Energy and Alstom Grid have combined to form Grid Solutions, a GE and Alstom joint venture. Alstom services expansion Alstom strengths Alstom installed base GT (11 GW) ~92 ST ~261 Alstom GT/ST breakdown (in GW) $14B of Thermal services backlog … clear opportunity to apply GE model Large installed base … +35% Steam, gen & mature fleet capability Global footprint; multi-vendor ability Synergy focus Apply CSA model Why GE's Alstom Acquisition Was Misguided. GE also liked the strong services revenue (one-third of total revenue) and $38 billion of backlog. Alstom Considering the Proposed Acquisition of Alstom Energy Activities by GE Alstom to Create a Strong Standalone Market Leader in Rail 30 April 2014 . Renewable Energy Synergy: Chain With Alstom, GE can leverage wind power to Alstom’s onshore and offshore businesses. Paul Ausick. June 7, 2019 12:30 pm. Lastly, the acquisition will add levers to grow power services of GE. With more than 300,000 people operating in 175 countries, GE is transforming industry with software-defined machines and solutions that are connected, responsive and predictive.

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