Blockbuster Alert: Siemens and GE Make Rival Bids to Acquire Alstom Energy Units

Blockbuster Alert: Siemens and GE Make Rival Bids to Acquire Alstom Energy Units

Siemens’ existing business lines overlap more with Alstom’s than GE’s do. Both Siemens and Alstom produce of components used in power plants—conventional, renewable and nuclear—and compete in the business for transmission power grid equipment, and both also build high-speed trains.

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