Alstom closes energy business deal with GE
(except turbines of over 20 mw that Alstom ultimately divested to GE) were part of the joint venture.
2000: ABB exits from the joint venture; the entire power generation business of ABB (that was part of the JV) comes to Alstom. Besides, Alstom already has a large presence in power T&D.
2004: Areva acquires the T&D business of Alstom and calls it Areva T&D
2009: With a view to focus on businesses like nuclear and solar energy, Areva decides to sell of its power transmission & distribution business, Areva T&D. While Alstom and Schneider were the main contenders, GE also puts in its bid.
2012: Alstom acquires the transmission business of Areva T&D and calls it Alstom Grid. The transmission business D accounted for two-thirds of Areva T&D’s business. Schneider Electric acquires the low voltage (distribution) business of Areva T&D. Alstom now has three main businesses—power, grid and transport.
2014: Alstom decides to focus on transport and divest its other business—power and grid. General Electric acquires these businesses in a €12.4-billion deal that closed on November 4, 2015.
In a 12.4-billion deal, Alstom will be selling its power and grid businesses to General Electric, regaining its focus on the transportation business.