Schneider joins Alstom for deal to buy Areva T&D

Schneider Electric and Alstom won the right to exclusive negotiations to acquire Areva T&D, the transmission and distribution operations of French nuclear power company Areva. Schneider stands to get the medium voltage side of the business. Schneider and ...
Dec. 1, 2009

Schneider Electric and Alstom won the right to exclusive negotiations to acquire Areva T&D, the transmission and distribution operations of French nuclear power company Areva. Schneider stands to get the medium voltage side of the business. Schneider and Alstom said they propose to jointly acquire Areva T&D for an equity value of €2.29 billion (about $3.5 billion).

According to Schneider Electric's press release announcing the deal, Areva T&D's activities are currently number three worldwide, with transmission moving to Alstom (around two thirds of the business) and distribution to Schneider Electric (about one third), would transform Schneider Electric and Alstom into two of this market's global leaders with

• an upstream pole, with power generation provided by Alstom (turnkey power plants, turbines and generators), completed by transmission (very high and high voltage) transferred from Areva T&D to Alstom;

• a downstream pole, with electrical distribution of Schneider Electric reinforced by the medium voltage activities of Areva T&D.

Schneider release

About the Author

Doug Chandler, Senior Staff Writer

Executive Editor

Doug Chandler began writing about the electrical industry in 1992, and still finds there's never a shortage of stories to be told. So he spends his days finding them and telling them. Educationally, he's a Jayhawk with an English degree. Outside of work, he can often be found banging drums or harvesting tomatoes.