Search results for: alstom

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  • 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 […]

  • 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 […]

  • 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 […]

  • 28 July 2015
    Authorities & Government, Business & Finance

    Alstom has decided to lower the sale price of most of its energy assets to General Electric (GE) in an effort to win European Commission’s approval for the acquisition deal. Since the Extraordinary General meeting held on December 19, 2014, which approved the acquisition by General Electric of Alstom’s Energy businesses, both companies have been […]

  • 9 May 2014
    Storage

    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 […]

  • 2 November 2015
    Business & Finance

    General Electric (GE) has completed the acquisition of Alstom’s power and grid businesses following the regulatory approval of the deal in over 20 countries and regions. In April 2014, GE reached an agreement with Alstom to purchase Alstom’s power and grid businesses for €12.35 billion, but the deal was adjusted in June 2014 for the […]

  • 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 […]

  • 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 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, […]

  • 24 April 2013
    Technology

    Tidal energy is a new, promising realm of renewable energy. As technology advances, GL Renewables Certification (GL RC) is contributing its expertise by certifying Alstom’s tidal turbine prototype. Certification of tidal turbines is one of the key development areas for the tidal industry in the future, and represents a major milestone for Alstom on the […]

  • 17 April 2013
    Technology

    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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 25 April 2013
    Business & Finance, Equipment

    Tidal energy is a new, promising realm of renewable energy. As technology advances, GL Renewables Certification (GL RC) is contributing its expertise by certifying Alstom’s tidal turbine prototype. Certification of tidal turbines is one of the key development areas for the tidal industry in the future, and represents a major milestone for Alstom on the […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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
    Technology

    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 […]

  • 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 […]