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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STRONGER TOGETHER
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.
 
GLOBAL SUPPORT
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.
 
PORTFOLIO STRENGTH
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.
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