# Mitsubishi Heavy and Siemens plan $10B bid for Alstom energy assets

Mitsubishi Heavy Industries and Siemens are reportedly preparing a bid of nearly $10 billion for Alstom's gas and steam turbine business, potentially blocking a $17 billion offer from General Electric. Hitachi may also join the bid. The report is based on a Nikkei business daily article, with Mitsubishi stating no final decision has been made.

- Type: Acquisition
- Announced: 2026-02-01
- Where: France
- Value: $10.0B
- Status: rumored
- Products: gas turbines, steam turbines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (acquirer)
- [Mitsubishi Heavy Industries](https://endata.com/companies/493.md) (acquirer)
- [Hitachi](https://endata.com/companies/1325.md) (acquirer)
- [Alstom](https://endata.com/companies/3570.md) (target)
- [Canopus AI](https://endata.com/companies/90692.md) (target)

## Sources

- [theedgemalaysia.com](https://theedgemalaysia.com/article/japan-german-group-bid-10-bn-alstom-assets-report), 2026-02-21: "Japan's Mitsubishi Heavy Industries and Germany's Siemens are set to bid nearly $10 billion for some of French 'national jewel' Alstom's energy assets"
- [epic-photonics.com](https://epic-photonics.com/news-media/february-2026-mergers-acquisitions-and-investment-highlights/), 2026-03-04: "Siemens (Germany) acquired Canopus AI (France) to 'bring AI-based metrology to semiconductor manufacturing.'"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.