 | |
.jpg) Alstom headquarters | |
| Formerly | Als-thom (1928–1930) Alsthom (1930–1980) Alsthom Atlantique (1980–1989) GEC Alsthom (1989–1998) |
|---|---|
| Company type | Public |
| |
| ISIN | FR0010220475  |
| Industry | Rail transport |
| Founded | 1928; 97 years ago (1928) |
| Headquarters | Saint-Ouen-sur-Seine,France |
Key people | Henri Poupart-Lafarge (Chairman andCEO) |
| Products | Railway vehicles, service and systems,signalling,electric road systems |
| Revenue |  €18.48 billion (2024/2025)[1] |
| €498 million (2024/2025) | |
| Total assets | €34.58 billion (2024/2025) |
| Total equity | €10.57 billion (2024/2025) |
| Owner | CDPQ (17.5%) |
Number of employees | >80,000 (2024) |
| Website | alstom |
| Footnotes / references Financial figures are for fiscal year ended31 March 2022. References:[2][3][4] | |
Alstom SA (French:[alstɔm]) is a Frenchmultinationalrail transport systems manufacturer. It is active in the fields of passenger transportation, rail services, signaling, and locomotives, producing high-speed, suburban, regional and urban trains along with trams.
The company and its name (originally spelled Alsthom) were formed by a merger between the electric engineering division ofSociété Alsacienne de Constructions Mécaniques (Als) andCompagnie Française Thomson-Houston (thom) in 1928. Significant acquisitions later included the Constructions Électriques de France (1932), shipbuilderChantiers de l'Atlantique (1976), and parts ofACEC (late 1980s).
Alsthom was founded in 1928 from the merger of the French heavy engineering subsidiary of theThomson-Houston Electric Company, the Compagnie française Thomson Houston, CFTH, and of theSociété Alsacienne de Constructions Mécaniques. In 1932, Alsthom expanded into transportation by acquiring theFrench:fr:Constructions électriques de France,Tarbes, a manufacturer of electric locomotives as well as electrical and hydraulic equipment.
In 1969,Compagnie Générale d'Électricité (CGE) became the majority shareholder of Alsthom. In 1976, Alsthom merged withChantiers de l'Atlantique, becoming Alsthom Atlantique. Thus, the business expanded into marine. The next year, it constructed the first 1300 MW generator set for thePaluel Nuclear Power Plant, setting a world record with an output of 1500 MW.
In 1978, Alsthom delivered its firstTGV toSNCF. The TGV went on to break world rail speed records in 1981 (at 380 kilometres per hour (240 mph)) and in 1990 (at 515.3 kilometres per hour (320.2 mph)). It also set the world endurance record for high-speed train lines in 2001, travelling the 1,067.2 kilometres (663.1 mi) fromCalais toMarseille in 3 hours and 29 minutes. In 1986, Alsthom Belfort received an order fromEDF for the largest gas turbine in the world (212 MW).
In 1988–89, the holding company, CGEE Alsthom, acquired ACEC Énergie (hydroturbines and electrical equipment for the nuclear industry) and ACEC Automatisme (automation) from the dissolution of the Belgian electrical engineering companyAteliers de Constructions Electriques de Charleroi. Alsthom acquired 100% of ACEC's transport division and renamed it ACEC Transport.[5]
In early 1989, GEC Alsthom was formed from a 50–50 merger of Alsthom and the Power Systems Division of the BritishGeneral Electric Company; for Alsthom this move was intended to aid Alsthom in selling its products outside the French market.[6] In May of that year GEC Alsthom bought British rail vehicle manufacturerMetro-Cammell.[7]
During the early-1990s, GEC Alsthom was the principal manufacturer of theBritish Rail Class 373, a variant of their TGV family specially designed for traversing theChannel Tunnel between the UK and France. Although collectively operated byEurostar, the type was ordered by three different railway companies: 16 bySNCF, four byNMBS/SNCB, and 18 byBritish Rail, of which seven were shortenedNorth of London sets.[8] The first Class 373 set was completed at GEC Alstom's Belfort facility during 1992.[9]
In 1994, GEC Alsthom acquired a 51% shareholding inLinke-Hofmann-Busch fromSalzgitter AG.[10] In 1995, the company acquired the remaining shares in the steam turbine manufacturerMAN Energie.[11] In early 1998, GEC Alsthom acquired the electrical contractorCegelec, renaming itAlstom Power Conversion.[12]
In 1998, GEC Alsthom bought Italian firmSASIB's rail signalling subsidiarySasib Railways,[13][14] which included the formerGeneral Railway Signal (USA).[15][16]
In June 1998, GEC Alsthom was listed on theParis Stock Exchange; both GEC andAlcatel elected to sell off part of their stakes (23.6% each). Around this time, the company was officially renamedAlstom.[17][18]
In 1999, Alstom bought half ofABB's power systems division, forming a 50-50 joint company known as ABB Alstom Power. Alstom also bought Canada's Télécité,[citation needed] a passenger information and security solutions company, and sold toGeneral Electric its heavy-duty gas turbine business (GE license design)[19][20] The next year, the company bought out ABB's share in the former joint venture ABB Alstom Power.[21]
In 2000, Alstom sold its diesel engine businesses (Ruston,Paxman, andMirrlees Blackstone) toMAN Group.[22] It also acquired a 51% stake in Italian rail manufacturerFiat Ferroviaria, a world leader in tilting technology.[23] In April 2003, Alstom sold its industrial turbine business toSiemens for €1.1 billion.[24]
By 2003, Alstom was facing a financial crisis caused by a mix of poor sales and over $5 billion of debt liabilities. It reportedly had the potential to force the company's liquidation. These heavy debts were largely due to a $4 billion charge over a design flaw in a turbine developed byABB, acquired by Alstom in 2000, as well as the collapse of customerRenaissance Cruises amid a general downturn in the marine market. Alstom's share price had dropped by 90% over two years.[25][26] TheEuropean Commission objected to a €3.2 billion rescue plan involving the French state;European Union competition law bans most state aid without EC permission. This was obtained, but required Alstom to sell several of its subsidiaries, including its shipbuilding and electrical transmission assets.[27]
In 2004, the French state took a 21% stake in Alstom for €772 million and Alstom received an EU-approved bailout worth in total €2.5 billion.[28] The company sold itselectrical transmission and distribution ("grid") activities toAreva, the diesel locomotive manufacturerMeinfesa toVossloh, and Alstom Power Rentals to APR LLC. Six years later, Alstom re-acquired the electric power transmission division of Areva.[29][30]
In 2005, the former Metro-Cammell rail vehicle works inWashwood Heath closed.[31] In the same year, Alstom sold its Australian subsidiary, Alstom Transport Australia and New Zealand, toUnited Group, which became part of the latter'sUGL Rail division.[32][33] Alstom would restart its manufacturing operations in Australia by the early 2010s.[34]
In 2006, Alstom sold its Marine Division to the Norwegian groupAker Yards, with a commitment to retain 25% of the shares until 2010; it also sold Alstom Power Conversion, which becameConverteam, in a leveraged buy-out deal funded by Barclays Private Equity France SAS.[35]
In June 2006,Bouygues acquired the French government's 21% holding in Alstom for €2 billion.[36] Later that year, Bouygues elected to increase its shareholding in the firm to 24%.[citation needed]
In 2007, the TGV POS set theworld speed record for rail vehicles of 574.8 kilometres per hour (357.2 mph). In March, Alstom acquiredPower Systems Manufacturing LLC (Florida, USA) a manufacturer of gas turbine components fromCalpine Corporation for $242 million.[37] In June, Alstom acquired the Spanish wind turbine manufacturer Ecotècnia, renamed asAlstom Ecotècnia (since 2010Alstom Wind). The company also adopted a new graphic chart (logo, corporate identity) using "alstom" as its trading name, reserving "Alstom SA" for legal documents.
In 2009, Alstom acquired a 25% stake in theRussian locomotive manufacturerTransmashholding.[38][39] Six years later, Alstom decided to increase its shareholding in Transmashholding to 33% at a reported cost of €54 million.[40] As a consequence of an alignment agreement between Transmashholding and another entity,LocoTech-Service, Alstom's stake in the former decreased to 20% in August 2018.[41]
In 2011, Alstom and the Iraqi government signed amemorandum of understanding regarding the construction of a newhigh-speed rail line betweenBaghdad andBasra.[42]
In 2012, Alstom opened construction of factories atSorel-Tracy, Quebec, Canada (passenger rail vehicles).[43] After a consortium of Alstom (Alstom Wind),EDF, andDONG Energy was awarded three major French offshore wind farm contracts, the company initiated construction of factories atCherbourg-en-Cotentin (turbine blades in association withLM Power, also wind turbine towers) andSaint-Nazaire (Nacelles and generators).[44]
Also in 2012, the company formed a joint venture withRusHydro to manufacture hydropower equipment for small and medium power hydropower plants (up to about 100 MW).[45]
Late in 2012, to further the development of its tidal energy business, Alstom acquiredTidal Generation Ltd fromRolls-Royce, however this was later sold toGE in 2015 as part of the sale of Alstom's energy business.[46][47]
In November 2013, Alstom announced it planned to raise €1 to €2 billion through sale of some non-core assets, plus the possible sale of a stake in Alstom Transport, and cut 1,300 jobs.[48][49] In 2014, Alstom sold its steam auxiliary components activities (air preheaters and gas-gas heaters for thermal power, other industrial heat transfer equipment, and grinding mills) toTriton Partners for €730 million.[50]
In November 2014, Alstom was awarded a $429.4 million contract to modernise 85 trains for theMexico City Metro system.[51]
Starting in 2009, Alstom's practices were questioned by theUnited States Department of Justice (DOJ) on the basis that they violated the 1977Foreign Corrupt Practices Act. This American law hasextraterritorial scope. At the time, Alstom seemed to cooperate with the proceedings.[52] In 2010, the DOJ opened an investigation into Alstom's commercial practices, focusing on a 2003 deal inIndonesia valued at $118 million in particular.[53]
On April 13, 2013, Alstom senior executiveFrédéric Pierucci was arrested at theJohn F. Kennedy International Airport inNew York. He was accused ofwillful blindness of his company's suspected corruption and was imprisoned in a high security facility for 14 months and denied release onbail until the week of Alstom's acquisition by the US conglomerateGeneral Electric.[54][55] In late 2014, Alstom was fined $772 million by the DOJ, and admitted guilt under the Foreign Corrupt Practices Act in relation to bribes paid to obtain contracts in various countries.[56][57]
In mid-2014, Alstom Network UK was charged by the UKSerious Fraud Office (SFO) in relation to corruption offences alleged to have been committed when obtaining transportation contracts in India, Poland and Tunisia, covered under sections 1 of thePrevention of Corruption Act 1906 andCriminal Law Act 1977.[58] Further charges were brought in late 2014 by the SFO in relation to corrupt practices used to obtain energy contracts in Lithuania.[59] Additional charges relating to contracts for theBudapest Metro in Hungary were added in April 2015.[60] In December 2018, three executives of Alstom were found guilty of conspiracy to corrupt following an investigation by the SFO into allegations of severalLithuanian politicians and officials being offeredbribes in return for securing contracts.[61]
In February 2020, theUnited Nations published adatabase of all business enterprises involved in certain specified activities related to theIsraeli settlements.[62][63] Alstom has been listed on the database in light of its involvement in activities related to "the provision of services and utilities supporting the maintenance and existence of settlements" and "the use of natural resources, in particularwater andland, for business purposes".[62][63] On 5 July 2021,Norway's largest pension fundKLP said it would divest from Alstom together with 15 other business entities implicated in the UN report for their links to Israeli settlements in the occupied West Bank.[64]
On 24 April 2014, unconfirmed reports claimed that US conglomerateGeneral Electric (GE) was in acquisition talks with Alstom for $13 billion with the support of 29%-shareholder Bouygues, causing Alstom's share price to rise 18% in one day.[65] On 27 April,Le Figaro reported that a rival 'cash plus asset swap' offer was issued bySiemens, trading Alstom's power business for part of its rail arm, plus a cash offer as good as GE's and job guarantees.[66][67] Siemens' bid was reportedly promoted by French economic ministerArnaud Montebourg. Siemens and Alstom had a greater product overlap and thus a greater risk to jobs, along with potential issues with EU competition regulators.[67][68] Siemens' offer was characterised as "defensive", being skeptically received by investors and analysts.[69][70]
On 29 April,Reuters reported that Alstom's board had accepted a €10 billion bid by GE for its energy division;[69] In a letter from GE executiveJeffrey R. Immelt to PresidentFrançois Hollande published inLes Echos, Immelt gave assurances about continued investment in Alstom's French activities, the security of the civil nuclear sector, and on job commitments made byAlstom Wind, whilst making its wind activities available to investors.[71] On 30 April, Alstom confirmed that an offer for its power and grid divisions (representing anequity value of €12.35 billion, €11.4 billionenterprise value) was under review with key interests including the French state.[72] On 30 April, GE confirmed it had made a $16.9 billion offer, comprising a $13.5 billion value plus $3.4 billion cash.[73] On 5 May, GE offered to buy one-fourth of the shares in Alstom's Indian power and distribution companies –Alstom T&D India andAlstom India – at 261.25 and 382.20 rupees a share (value US$278 million and $111 million respectively) subject to its bid for Alstom SA being successful.[74]
On 5 May 2014, the French government stated it did not back GE's bid, citing concerns on the future of Alstom's rail division as a smaller separate entity, suggesting that GE transfer its own rail division to Alstom; other concerns were over the civil nuclear field's national independence, and French jobs.[75] On 14 May, France issued a decree (Décret n° 2014-479 du 14 mai 2014.[note 1]), nicknamed "décret Alstom", extending to power of the state to veto the takeover of "strategic interests" into areas of energy supply, water, transport, telecoms and public health.[80][81] Both the French employer organisationMEDEF and theEuropean Commissioner for Internal Market and Services (Michel Barnier) responded negatively to the decree.[80][81]
On 16 June, Siemens andMitsubishi Heavy Industries (MHI) submitted a competing offer for Siemens to acquire Alstom's gas turbine activities for €3.9 billion while MHI would form joint ventures with Alstom, acquiring 40%, 20% and 20% stakes in Alstom's steam and nuclear, electrical grid, andhydroelectric businesses respectively, for €3.1 billion. The proposal included an offer to buy a further 10% stake from shareholderBouygues and an option to form a rail transport joint venture.[82] On 19 June, GE revised its bid, matching the same price with a lower cash transaction value; it also proposed forming a joint venture of their renewable, electric grid, steam turbine and nuclear power businesses. GE announced a memorandum of understanding between the two firms in the rail sector and the sale of GE's rail signalling unit to Alstom.[83] On 20 June, Siemens and MHI modified their bid, with MHI increasing its stake in Alstom's steam, hydro, and grid businesses to 40% in all three (total €3.9 billion) while Siemens increased its offer by €400 million to €4.3 billion.[84] Subsequently, Economy ministerArnaud Montebourg stated he would block both bids, but the French government backed GE's offer and had given GE more specifications on commitments and guarantees; it also intended to buy two-thirds of Bouygues' shareholding (20%).[85] The next day, Alstom's board backed GE's revised bid.[86][87] On 22 June, the French state agreed terms with Bouygues, buying a 20% stake in Alstom from Bouygues at a 2–5% discount on a minimum value of ≈€35 per share.[note 2][88][89][90]
Initially, the acquisition was expected to be finalised by early 2015.[88] In early 2015, theEU Competition Commission began examining the deal.[91] Both EU and US competition regulators approved the deal by September 2015, subject to the divestiture of Alstom's large and very large gas turbine (GT26 and GT36 models) manufacturing and service business; and its GE7FA gas turbine aftermarket parts subsidiary business,Power Systems Mfg. LLC (PSM), to another company,Ansaldo Energia.[92][93]
The sale of Alstom's energy division to GE was finalised on 2 November 2015; the final valuation being €12.4 billion, of which €9.7 billion was transferred to Alstom, the remainder being reinvested in GE/Alstom joint ventures plus other corrections. The acquired businesses were reorganised within GE's existing power generation business (GE Power & Water) asGE Power. The remainder of Alstom Group, including GE Signalling (acquired via a €700 million deal), refocused on rail transport.[94][95][96] Due to the acquisition, GE accrued $17.3bn of goodwill, consisting of Alstom's negative book value of $7.2bn at the time of acquisition and the $10.1bn purchase price. In October 2018, GE wrote-off $23bn from the value of its power industry division, largely attributed to the Alstom purchase.[97]
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In November 2015, Alstom was awarded a contract by the Indian Railways to construct an electric locomotive factory inMadhepura (Bihar), receiving an initial order of 800 twin-section 9MW locomotives for use on theEastern Dedicated Freight Corridor, valued at ₹190 billion (about US$2.9 billion). This factory was to be operated under a joint venture with theMinistry of Railways (26%) at a cost of ₹13 billion (roughly US$200 million).[98]
In September 2015, it was announced thatAmtrak would award Alstom a contract for $2.5 billion for the next generation high-speed train sets for theNortheast Corridor. This would result in the creation of 750 jobs across upstate New York with 400 direct manufacturing jobs at Alstom.[99] The order for 28Avelia Liberty trainsets was officially confirmed in August 2016 by Amtrak.[100] These trainsets are manufactured at Alstom's plant inHornell, New York.[101]
In March 2016, a joint venture of Alstom andGibela began construction of a new 60,000 square metres (650,000 sq ft) train building factory inDunnotar, outside ofJohannesburg,South Africa. Initial orders for the factory included 580X'Trapolis Mega passenger trains forPassenger Rail Agency of South Africa under a €4 billion contract that was awarded in 2013.[102]
In September 2016, Alstom announced it was to cease locomotive manufacturing at itsBelfort (France) site by 2018 due to low orders; remaining production activity was to be transferred to its facility ofAlstom DDF inReichshoffen,Alsace.[103] However, during October 2016, the French state placed an order of about €650 million for 15 TGV Euroduplex trains; an order for 20 locomotives; plus an order for 30 intercity trains to be built at Reichshoffen. Together, these orders were sufficient to prevent the Belfort plant's closure in the short to medium term.[104][105]
In June 2017, Alstom opened the largest train modernisation facility in the UK atHalebank on the outskirts ofLiverpool. Initial work involved the repainting of theClass 390Pendolinos.[106][107]
On 12 November 2024, Alstom announced on their official website that the first of 35 fully automatedMetropolis trains has been delivered toTaiwan. The four-car stainless-steel train can carry up to 700 passengers, including 108 seated, with speeds up to 100 km/h.[108]
In September 2025, Alstom was awarded a $1,066m (NZD) contract to build and maintain 18 new battery trains in Wellington. The trains will be built in India. The trains will arrive in NZ in around 2029 and enter service in 2030.[109]
On 26 September 2017, Alstom announced a proposal to merge withSiemens Mobility, the rolling stock division of German conglomerateSiemens; this merger was promoted as the creation of "a new European champion in the rail industry".[110] The combined rail business, which was to have been reportedly namedSiemens Alstom and headquartered in Paris, would have $18 billion U.S. in revenue and employ 62,300 people in more than 60 countries.[111] During November 2018, the European Commission voiced its concerns surrounding the proposed merger of the two companies, particularly that the combined entity would be too dominant in the European market; alleged impacts from such dominance included potential increases in passenger fares and cargo fees. Furthermore, a series ofpopular protests concerning the financial reforms of both the French territorial railway infrastructure andSNCF occurred.[112]
The proposed merger was viewed by some as a measure to counter the rise of rivalChinese rail businessCRRC; it reportedly received support from many figures within both the French and German governments.[113] The transaction, which was originally due to close by the end of 2018, was met with opposition by French trade union officials who voiced their concerns that such a merger would have the potential for job losses.[114] On 17 July 2018, Alstom shareholders overwhelmingly approved the proposed merger with Siemens.[115] On 6 February 2019, the planned merger between the two companies was vetoed by the European Commission.[116] In response to this ruling, Alstom's Chief Executive Officer Henri Poupart-Lafarge stated that he viewed the decision to block the merger was a result of "ideological prejudices".[117]
In mid-February 2020, Alstom announced that it had signed a Memorandum of Agreement to buyBombardier Transportation, the multinational train maker headquartered inBerlin, Germany for between €5.8 billion and €6.2 billion. The deal required the approval by Alstom shareholders at a meeting to be held in October 2020 and approval by European regulators. Bombardier's major shareholder,Caisse de dépôt et placement du Québec, had already agreed to the sale.[118][119]
In July 2020, it was announced that theEU competition authorities had approved the purchase. To finish the deal, Alstom had to sell theAlstom DDF factory based inFrance, a regional train division, a Bombardier facility in Germany, and a Bombardier trains division. The company also had to provide guarantees and pass on some of Bombardier's assets.[120]
Alstom has developed aground-level power supply (alimentation par le sol - APS) system for use with buses and other vehicles.[121] The system has been tested for compatibility withsnow plows and for safety under exposure to snow, ice, salting, and saturatedbrine.[122] The eRoadMontBlanc project is set to trial Alstom's electric road system on the public roadRN205[123] on trucks and other vehicles in theRhône-Alpes region between 2024 and 2027. This is anticipated to be the first public electric road in France.[124]
Alstom plans in 2024 to issue €1.75 billion of shares and bonds to reduce its debt, which was at risk of a credit downgrade intojunk bond status.[125]
In September 2024, Alstom completed the sale of its American rail signalling business toKnorr-Bremse for $690 million.[126]
In August 2025, Alstom closed an agreement withVirgin Trains for 12 new high-speedAvelia Stream trains. The trains will be part of Virgin's new £700 million service across western Europe, including through theChannel Tunnel.[127]
Alstom Transport develops and markets a complete range of systems, equipment, and service in the railway industry.[128] The division had annual sales of €5.5 billion in 2013.[129] It is one of the world's largest manufacturers of high-speed trains, tramways and metros, electrical and diesel trains, information systems, traction systems, power supply systems, and track work.[128] The company also operates in the rail infrastructure market, designing, producing, and installing infrastructure for the rail network. These include information solutions, electrification, communication systems, track laying, station utilities, as well as workshops and depots. Maintenance, rebuilding, and renovation services are also provided by the company. Alstom Transport operates in 70 countries and employs 26,000 people.[130]
Notable products includes series production of theTGV high-speed trains with over 650 trainsets sold over 25 years, as well as theLondon Underground 1995 Stock,London Underground 1996 Stock,British Rail Class 390 andAGV.[131]
Since a merger withGeneral Railway Signal in 1998, Alstom has been manufacturing railway signaling equipment at a former GRS factory located in a suburb nearRochester, New York. After the merger with GE signaling the manufacturing was transferred toMissouri, and GRS factory kept engineering the GRS legacy products.
Since 2002, Alstom has manufactured thePendolino tilting train, following the acquisition ofFiat Ferroviaria.
The company also producesCitadis trams; in 2007, over 1,100 Citadis trams were in use by 28 cities includingDublin,Algiers,Barcelona,Melbourne,Rotterdam andParis.[132]
Between 2007 and 2010, the company produced 1,002R160A New York City subway cars at its manufacturing plant inHornell, New York, while the body shells were built at theirLapa plant, inSão Paulo,Brazil. In 2013, Alstom was awarded the contract to supply 168 coaches toChennai Metro at a cost of₹1,470 crore (US$170 million). The company also owns the tender for supplying coaches toKochi Metro.In September 2015, it was announced in Hornell, New York, by Senator Charles Schumer (D-NY) thatAmtrak will be awarding Alstom a contract for $2.45 billion for the next-generation high-speed train sets for the Northeast Corridor. This would result in the creation of 750 jobs across upstate New York with 400 direct manufacturing jobs at Alstom.[133][134] The new trainsets will be able to reach speeds up to 186 mph and featureactive tilting technology. The 28 new train sets were scheduled to enter service by 2023,[135] but only 14 of the 28 have been built as of Spring 2025. The first five trainsets entered service on August 28, 2025.[136]
Next-generationhigh-speed trains under development by Alstom are the Avelia family:ETR 675,Avelia Horizon andAvelia Liberty.
Ottawa LRT carsAlstom Citadis Spirit are manufactured in Hornell, but assembly completed inOttawa, Ontario, andBrampton, Ontario.
Locomotives
Metro/subway
Light rail / trams
Passenger coaches
Alstom power activities were collectively called Alstom Power Systems and included the design, manufacturing, services, and supply of products and systems for the power generation sector and industrial markets. The group covered most energy sources, including gas, coal, nuclear, hydro, wind. Power Systems provided components for power generation including boilers, steam turbines, and gas turbines, wind turbines, generators, air quality control systems, and monitoring and control systems for power plants, as well as related products. It had a special focus on boilers and emissions control equipment.[128]
Power Systems also provided services such as product retrofitting for nuclear and fossil steam turbines and refurbishment of existing power plants. It performed maintenance and servicing under long-term agreements for its own turbines, as well as those manufactured by GE and Siemens.
In Russia, the company serviced nuclear equipment under a joint agreement withAtomenergomash and provided technology transfer for a project of floating nuclear power plants.[137] In Brazil, Alstom, together withBardella, ran a joint venture calledIndústria Metalúrgica e Mecânica da Amazônia to build hydroelectric power plants throughout the Amazon and Latin American regions. In India, Alstom had a joint venture withBharat Forge to manage power production from start to finish.[128]
In 2015, the entire power sector was taken over byGeneral Electric.
A third business section based onpower transmission was formed on 7 June 2010 with the acquisition of the transmission business of Areva SA. The division manufactures equipment for the entire chain of electrical power transmission, including ultra-high voltage transmission lines (both AC and DC).Alstom Grid is headquartered atLa Défense, the business district west of Paris, and has four main businesses: electrical transmission system products, power electric system, automation, and service. Alstom Grid has roughly 10% of the global market share.[138]
In 2015, the grid division was taken over by General Electric and renamed asGE Grid Solutions.
Alstom was listed on the London, New York and Paris Stock Exchanges when it was floated on 22 June 1998.[139] Following the financial reconstruction in 2003, the company remained listed on theParis Stock Exchange, but was delisted from theLondon Stock Exchange on 17 November 2003 and theNew York Stock Exchange in August 2004.[140][141]
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