GE Beats Siemens, Mitsubishi in Battle for Alstom, Establishes European Grid Presence

The battle of titans for a choice piece of the European power equipment markets came to an end this week and General Electric CEO Jeff Immelt emerged holding the prize. For the staggering price of $16.9 billion (€12.35 billion) — the largest sum GE has ever paid for an acquisition — Immelt bought GE a major stake in the European electric power generation and grid equipment markets, a play that had long eluded GE.

All access premium subscription

Only Electrical Marketing newsletter subscribers have access to premium content.


Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.

Sign up for the Electrical Marketing newsletter to get access.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish