Hitachi and Mitsubishi Heavy Industries May Join Siemens to Counter GE Bid for Alstom

Hitachi and Mitsubishi Heavy Industries May Join Siemens to Counter GE Bid for Alstom

Siemens and Mitsubishi said in a release that they would decide by next Monday, June 16, whether to go forward with a bid for Alstom. GE extended its deadline for the offer to June 23 so French officials can settle their concerns.

The courtship of French power and rail conglomerate Alstom begun by General Electric Co. (GE) with a $17 billion bid in late April continues to draw interest from rival industrial manufacturers. The latest twist has Siemens AG considering a joint bid with Japan’s Mitsubishi Heavy Industries (MHI) and possibly Hitachi Ltd. to acquire parts of Alstom.

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