Ansaldo Energia has bought several Alstom gas turbine assets from GE.
Ansaldo said that the deal will allow it to increase its turnover twofold in the coming five years, become an international leader in the gas turbine sector and expanded its markets in Europe, the Middle East and the US.
The Italian company has bought all of Alstom's heavy duty gas turbine intellectual property rights for the latest ratings of the GT26 and GT36 turbines, existing upgrades and pipeline technology for future upgrades, as well as servicing agreements for 34 GT26 turbines already sold in recent years by Alstom.
The deal – which is expected to close early next year following regulatory approvals – also sees Ansaldo take over Alstom's Power System Manufacturing (PSM), a company based in Florida in the US which mainly focused on other OEM aftermarket businesses.
Ansaldo will license to GE to offer two after-market services: PSM’s intellectual property for Siemens-Mitsubishi gas turbines and Alstom’s intellectual property for the portions of Alstom's heavy duty gas turbine business to be retained by GE.
Ansaldo Energia chief executive Giuseppe Zampini said that the deal “lays the foundations for Ansaldo Energia to enhance a sustainable growth in the power generation industry”.
Exclusive: GE viewpoint on Alstom acquisition