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Alstom Is A Large French Multinational Conglomerate Which Holds Interests in The Power
Alstom Is A Large French Multinational Conglomerate Which Holds Interests in The Power
1998ALSTOM acquires Sasib Railways (Italy), which also adds the former General
Railway Signal (USA)
1999ALSTOM acquires the Canadian Télécité Inc., a worldwide Centre of Excellence in
passenger information and security solutions ALSTOM and ABB merge their energy
businesses in a 50-50 joint company known as ABB ALSTOM POWER.ALSTOM sells
its heavy duty gas turbine business to General Electric.
2000 ALSTOM acquires ABB’s share in ABB ALSTOM POWER.ALSTOM
acquires a 51% stake in Fiat Ferroviaria, the Italian rail manufacturer and world
leader in tilting technology.
2003 ALSTOM supplies the highest capacity automated metro in the world to
Singapore
2004January: ALSTOM sells its T&D activities to Areva. The French State takes
up a 21% stake in ALSTOM’s capital to support the recovery of the company.
ALSTOM delivers the Queen Mary 2, the world’s largest ocean liner, to Cunard.
ALSTOM sells ALSTOM Power Rentals to APR LLC later becoming APR
Energy LLC ALSTOM sells the diesel locomotive manufacturer formerly
known as Meinfesa (in Valencia, Spain) to Vossloh AG. ALSTOM receives EU
approved, French government bailout totalling 1.84 billion euros. 2005 GT 24/26
turbines achieve 1.5 million operating hours and major sales to countries such as
Italy, Germany, Spain and Thailand demonstrating the Group’s return to the gas
turbine market with a technologically advanced product.ALSTOM sells its
Marine Division to the Norwegian group Aker Yards. ALSTOM commits itself to
keeping 25% of the shares until 2010.On 27 April, ALSTOM signs a cooperation
framework agreement with Bouygues, the French conglomerate, for the purchase
of the 21% stake in ALSTOM that the French government held. Later in the year,
Bouygues increase its shareholding to 24%.ALSTOM launches major clean coal
technology initiative with the EU.
2006 ALSTOM sells ALSTOM Power Conversion which
became Converteam Group in a leveraged buy-out (LBO) deal funded by
Barclays Private Equity France SAS Following a new Graphic Chart, the Group
name is now written "Alstom", with the exception of the legal entities which are
written with ALSTOM in capitals, e.g. ALSTOM S.A. April: on a test run in
France, TGV Est set the world speed record for rail vehicles of 574.8 km/h 25
June: Acquired the Spanish wind turbine manufacturer Ecotècnia, and was
named Alstom Ecotècnia until April 2010, when the Ecotécnia name was
dropped. The new entity legal name is Alstom Wind
2009 Alstom acquired 25%+1 share of Russian Transmashholding.
2010 Alstom re-acquires the Electric power transmission Division of Areva
SA (previously sold to Areva in 2004). A new division is created called Alstom
Grid.