M&A Deal Summary

General Electric Acquires Alstom - Power and Grid businesses

On November 2, 2015, General Electric acquired renewable energy company Alstom - Power and Grid businesses from Alstom for 12.4B USD

Acquisition Highlights
  • This is General Electric’s 1st transaction in the Renewable Energy sector.
  • This is General Electric’s largest (disclosed) transaction.
  • This is General Electric’s 15th transaction in the United States.

M&A Deal Summary

Date 2015-11-02
Target Alstom - Power and Grid businesses
Sector Renewable Energy
Buyer(s) General Electric
Sellers(s) Alstom
Deal Type Divestiture
Deal Value 12.4B USD

Target

Alstom - Power and Grid businesses

United States
Alstom - Power and Grid businesses is a provider of renewable energy services.

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Buyer(S) 1

Buyer

General Electric

Boston, Massachusetts, United States

website


Category Company
Founded 1892
Sector Diversified
Employees205,000
Revenue 76.6B USD (2022)
DESCRIPTION

General Electric is a diversified technology and financial services corporation. Products and services range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. General Electric was founded in 1892 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 32 of 41
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 4 of 4
Country (United States) 15 of 20
Year (2015) 1 of 2
Size (of disclosed) 1 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-16 Oceaneering International - Electric Actuator Product Line

Houston, Texas, United States

Oceaneering International Inc.'s electric actuator product line goes to market under the Oceaneering Subsea All Electric and Ifokus brand, which specializes in the design and manufacturing of specialty subsea products, with a focus on electric valve actuators.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-07 Abaco Systems

Huntsville, Alabama, United States

Abaco Systems is a provider of open architecture computing and electronic systems for aerospace, defense, and industrial solutions. The Company's portfolio of commercial-off-the-shelf ("COTS") products is based on high-performance, rugged computing technologies and custom designs for use in a wide array of applications and is designed to withstand harsh environments such as extreme temperature, high vibration and exposure to natural elements. Abaco Systems was founded in 2015 and is based in Huntsville, Alabama.

Sell -

Seller(S) 1

SELLER

Alstom

Saint-Ouen, France

website


Category Company
Founded 1992
Sector Energy Services and Equipment
Employees69,317
Revenue 15.5B EUR (2022)
DESCRIPTION

Alstom is a provider of electrical generation and transmission products including turbines for hydroelectric, gas, coal and nuclear-powered plants. Alstom was founded in 1992 and is based in Saint-Ouen, France.


DEAL STATS #
Overall 3 of 3
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 3 of 3
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-01 ARVOS

Heidelberg, Germany

ARVOS is a provider of air pre- and gas-heaters for thermal power plants, critical heat transfer solutions for process industries and grinding equipment. Arvos Group operates across three divisions: Ljungström, Schmidtsche Schack and Raymond Bartlett Snow. ARVOS is based in Heidelberg, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-21 Nomad Digital

Newcastle upon Tyne, United Kingdom

Nomad Digital Ltd. is a provider of passenger and fleet connectivity solutions to the railway industry. Nomad Digital’s solutions include passenger WiFi, innovative Passenger Information Systems and on-board passenger portals, entertainment and media platforms. In addition, Nomad Digital also provides tele maintenance solutions, including Remote Online Condition Monitoring, Reliability Centred Maintenance, Driver Assist and Power Train products. Nomad Digital’s solutions and teams fully leverage the integration and convergence of both Rail and Information & Communications Technologies (ICT) and skills.

Buy -