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Slide #5. GE — Thermal, Renewables and Grid businesses of Alstom
Thermal, Renewables and Grid businesses of Alstom
GE (NYSE:GE) and Alstom announced here today that GE has submitted a binding offer to acquire the Thermal, Renewables ("Power") and Grid businesses of Alstom (ALO.PA) consisting of $13.5 billion (9.9 billion) enterprise value and $3.4 billion (2.5 billion) of net cash, totaling $16.9 billion (12.35 billion).
General Electric is a technology industrial company. Co.'s segments include: Power, which serves power generation, industrial, government and other customers with products and services related to energy production; Renewable Energy, which provides wind, blades, hydro, storage, solar and grid solutions, hybrid renewables, and digital services; Aviation, which designs and produces commercial and military aircraft engines, engine components, electric power and mechanical aircraft systems; Healthcare, which provides healthcare technologies; and Capital, which provides financial products and services that build on Co.'s industry capabilities in aviation, power, renewables and other activities.
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