PARIS, FRANCE – November 2, 2015 – GE [NYSE:GE] announced today that it has completed the acquisition of Alstom’s power and grid businesses. The completion of the transaction follows the regulatory approval of the deal in over 20 countries and regions including the EU, U.S., China, India, Japan and Brazil. It is GE’s largest-ever industrial acquisition.
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GE is one of the few companies in the world with the ability to serve customers solutions across the total plant —from water systems, boilers, HRSGs, steam and gas turbines, to controls, grid management and renewable technology. Together we have greater depth, a stronger infrastructure and pioneering technology to deliver even better solutions to you. We are proud to help you bring reliable, affordable, sustainable electricity to consumers around the world.
The acquisition of Alstom’s power & grid businesses is an important step in GE’s transformation to a digital industrial company. 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. GE is organized around a global exchange of knowledge that we call the GE Store. It’s through the GE Store that each business shares and accesses the same technology, markets, structure, and intellect. At GE, each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry.
With the addition of Alstom’s power & grid businesses, we are now able to deliver one of the most comprehensive technology offerings in the energy sector for our customers. Strategically, Alstom and GE’s power and grid technology and geography combined will enable many new opportunities to create value for customers, with:
- Approximately 1,500 GW of installed base power generation, a 50% increase in GE’s current installed base.
- One of the broadest and deepest renewables portfolio in the industry
- Improved total thermal power plant design capability
- Broader grid portfolio with the footprint and scale to compete globally
- Stronger and expanded capabilities to provide project expertise and financing for power projects
- Big data and analytics to improve performance of the installed base
- Shared expertise and technology of the GE Store to drive growth.
Have questions? Be sure to check our FAQ
ALL OF YOUR ANSWERS IN ONE PLACE
We know you may have questions about this announcement. Check below for some answers to our most frequently asked questions..
I am a customer of GE and/or Alstom. Who is my commercial person? Will my contact change over time?
You should continue to work with your current contacts. It will take time for GE and Alstom to fully integrate the commercial organization and we’ve requested our team continue to serve their customers in the interim. Ultimately as the businesses integrate, commercial opportunities will be posted and new team members named. We understand the process can be taxing and our goal is to ensure your needs are met during the transition and beyond.
I am a customer of GE and/or Alstom. How do I escalate an issue?
You should continue to work with your current commercial contact. The commercial leaders have been named in each region for each product line. If you are having a commercial issue, please ask your commercial contact to pull in the appropriate regional leader. GE is committed to serving you through this transition and the highest level of our organization will engage to resolve any concerns.
Will my T&Cs change on my contract?
T&Cs on your existing contracts will not change.
If I have a service need for my Alstom equipment, who do I contact?
Your contact for servicing Alstom equipment will remain your Alstom contact and vice versa for GE Servicing. GE commits to remaining transparent and communicating regularly on the integration activities that may impact customers.
Where can former Intelligent Platforms and Alstom Power Process Automation & Controls (PAC) customers get detailed information (customer letter, FAQ)?
You can find the answer (and more!) at GE Automation site.
Will GE honor Alstom bids and existing contracts?
GE will honor all valid bids (including equipment, integrated solutions, services, and retrofits) as well as contracts finalized prior to the closing regardless of the Alstom Power legal entity that signed it.
GE will also work directly with customers where a proposal has been issued by both GE & Alstom pre-close.
What will you offer?
The combination of Alstom and GE’s energy activities will make it possible to offer customers a range of advanced solutions, generating an increased capacity for investment in new technology.
Will GE offer OEM products and services?
GE is thrilled to be acquiring Alstom capabilities on other OEM equipment. Combined with GE’s capabilities, customers will receive more service solutions and broader options on their installed base. GE will offer services on more than 90 OEM brands in more than 150 countries.