GE bids for acquiring Alstom’s Energy activities

Alstom’s board of directors has received a binding offer from General Electric (GE) to acquire its Energy activities. The scope of the transaction includes the Thermal Power, Renewable Power and Grid Sectors, as well as corporate and shared services. With 65,000 employees, these businesses registered Euro 14.8 Billion in sales in fiscal year 2012/13. The proposed price is a fixed price representing an Equity Value of Euro 12.35 Billion and an Enterprise Value of Euro 11.4 Billion, or 12.2x FY13 EBIT. Alstom is a global leader in power generation, power transmission and rail infrastructure. Present in India since 1911, Alstom has strong capabilities in engineering, manufacturing, project management and supply of products and solutions for infrastructure.