Schneider, Alstom finalize deal to buy Areva T&D

Schneider Electric and Alstom, both Paris-based electrical manufacturers, signed an agreement for the purchase of the transmission and distribution assets of nuclear conglomerate Areva. This follows from exclusive negotiations begun Nov. 30, 2009. Under ...
Jan. 21, 2010

Schneider Electric and Alstom, both Paris-based electrical manufacturers, signed an agreement for the purchase of the transmission and distribution assets of nuclear conglomerate Areva. This follows from exclusive negotiations begun Nov. 30, 2009. Under terms announced then, Schneider Electric will handle the distribution end of the business and Alsthom will handle transmission.

The deal is still subject to approvals from regulators in France.

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.