GE Completes Divestment of Power Gen Assets After Alstom Acquisition

 GE Completes Divestment of Power Gen Assets to Ansaldo Energia

GE has completed the divestment of select power generation assets to Ansaldo Energia, a condition of GE’s $10.6 billion Alstom acquisition.

The final purchase price was €120 million, about $130.4 million.  The transaction was first announced last September when the acquisition of Alstom's power and grid businesses was approved by the European Commission and the U.S. Department of Justice on the condition that GE would divest segments of Alstom’s heavy-duty gas turbine business.

Under the terms of the deal, GE divested:

  • Alstom’s GT26 (F-class gas turbine) project line for new unit sales;
  • Alstom’s GT36 technology development program, which would result in an H-class gas turbine product upon completion;
  • Service contracts for 34 GT26 units (the remaining Alstom installed base of about 720 units remains with GE); and
  • Alstom’s Power Systems Manufacturing (PSM) business, which provides after-market parts and services for other OEMs’ equipment.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...