Newsletter 
  INSCRIPTION Inscription | ESPACE ANNONCEURS Publicité | CONTACT Contact |PLAN DU SITE Plan


Europétrole, le portail de l'industrie du pétrole
 
 accueil | actualité française | actualité internationale | recherche | interviews | focus | actualité par entreprise | actualité pétrole/gaz de schiste 
Partager :

  • GE Announces Energy and Transport Alliance with Alstom
    édité le 20/06/2014 - Plus de news de "GE Oil & Gas" - Voir la fiche entreprise de "GE Oil & Gas"


GE Announces Energy and Transport Alliance with Alstom
GE said it has updated its April 26 offer to acquire the Power and Grid businesses of Alstom (ALO.PA) in connection with discussions with Alstom management and the French government on jobs, decision-making in France, access to nuclear steam turbine technology, and support for Alstom Transport. GE’s valuation for Alstom remains unchanged.

GE Chairman and CEO Jeff Immelt said: “Our discussions with the French government over the past seven weeks have been productive. As a result, we have reached agreements with Alstom’s management that will create an alliance between our companies in both spirit and practice. The alliance will retain and strengthen France’s presence in the energy business and reinforce Alstom Transport. It creates jobs, establishes headquarters decision-making in France and ensures that the Alstom name will endure.

“This proposed alliance also preserves the value of this deal for GE investors,” Immelt said. “Our synergies remain intact. It is immediately accretive to our earnings, furthers the transition of our portfolio towards industrial businesses, and broadens our product and service offerings for customers.”

Details of the proposed alliance, which GE presented today to the French government, are below:

1. Create an Alliance for the Energy Transition

GE and Alstom will establish two 50/50 joint ventures to strengthen France’s and Alstom’s presence in energy and support its energy transition. The JVs will develop and deliver advanced technology and services to customers around the world, under the GE and Alstom brands:

- Grid: GE and Alstom will create a global Grid business based in France by combining their Grid assets, each taking a 50% ownership stake in the new business.
- Renewables: GE and Alstom will create a joint venture in renewable energy based in France, consisting of Alstom’s Offshore Wind and Hydroelectic businesses, with each company owning 50%.

2. Create Global Nuclear & French Steam Alliance

GE and Alstom will create a Global Nuclear and French Steam Alliance to assure security and growth of nuclear steam technology for France. This will include:

- Alstom’s production and servicing of equipment for nuclear power plants, and development and sales of new nuclear equipment around the world.
- Alstom’s steam turbine equipment and servicing for applications in France.
The alliance will be 50/50 between GE and Alstom, with the French government holding a preferred share giving it veto and other governance rights over issues related to security and technology of nuclear plants.

In addition, the intellectual property related to Alstom’s Arabelle nuclear steam turbine technology will be transferred to a special purpose vehicle wholly owned by the French government, which will allow the government to license the technology to third parties if GE were not to supply Arabelle technology to an EDF/Areva nuclear project. GE has also made a long-term commitment to ongoing development of the Arabelle technology and servicing of the EDF installed nuclear base.

3. Strengthen Alstom Transport

To further strengthen Alstom Transport, GE and Alstom have signed a memorandum of understanding to create a global alliance in Transportation. This includes:

- The sale of GE's signaling business to Alstom. GE’s signaling business is a leading provider of on-board and wayside signaling systems and communications solutions for the global rail industry.
- Multiple collaboration agreements involving services, technology, supply chain and manufacturing and commercial support in the U.S.

This alliance will make Alstom stronger through GE’s breadth in freight and in North America, complementing Alstom’s worldwide positions notably in passenger transportation.

4. Create High-Value Jobs for France

GE has committed to create 1,000 new jobs in France over the next three years, focused in high-value areas such as manufacturing and engineering. This will be enforced through an independent auditor and financial penalties if the goal is not achieved. These jobs will be in addition to Alstom’s existing employees in its energy businesses and the commitments Alstom has made for offshore wind in France.

5. France Has Global Champions in Energy and Transport

The GE-Alstom energy businesses will have headquarters and leadership teams for four global businesses in France: Grid (which will include GE’s present Grid business), Offshore Wind, Hydroelectric, and Steam Turbines. This is in addition to GE’s European Power headquarters, which has been in Belfort since 1999. In addition, Alstom’s Transport business will be enhanced by the addition of GE’s signaling business. The Alstom brand will continue through its Transport business and in the energy industry.


GE’s offer is subject to consideration by the Alstom board. GE’s offer expires on June 23.

About GE

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance.


Origine : Communiqué GE Oil & Gas

Voir la fiche entreprise de "GE Oil & Gas"



Les dernières news de "GE Oil & Gas"



Toutes les news de "GE Oil & Gas"
 
 
 
Emploi-Pétrole
 
Rechercher une news



française internationale








 
Les dernières news internationales


>> Toute l'actualité internationale     >> RSS
 
Recherche de news par tags

abu-dhabi adnoc aker-solutions algeria alstom amec anadarko angola apache australia axens azerbaijan baker-hughes barents-sea bechtel bg-group bp brazil canada carburant cbi centrica cgg chevron china cnooc cnpc co2 commission-europeenne compressor conocophillips consommation cpdp deepwater discovery drilling e-on edf egypt emerson engie engineering eni equinor exxonmobil feed flng flowline fluor fluxys fmc foster-wheeler fpso fsru fugro gabon gas gaz gazprom gazprom-neft gdf-suez ge ghana gnl gouvernement gtt gulf-of-mexico hess ifp india indonesia inpex iraq jacobs jgc kazakhstan kbr keppel licence lng lukoil lundin maersk-drilling malaysia mcdermott mozambique natural-gas nigeria nigeria nord-stream north-sea norway novatek offshore oman omv opec pdvsa pemex petoro petrobras petrofac petronas pgnig pipeline platform qatar qatar-petroleum qatargas raffinerie refinery repsol rig riser rosneft russia rwe saipem santos saudi-aramco schlumberger seadrill shah-deniz shale-gas shell siemens sinopec socar sonangol sonatrach south-stream statoil subsea subsea-7 tap technip technipfmc total transocean tullow turbine ufip uk vallourec vessel vopak well wintershall wood-group woodside



Europétrole © 2003 - 2020