# Alstom signs $3.08 billion agreement to exit energy joint ventures with GE

Alstom signed an agreement with General Electric to exit three joint ventures in grid, nuclear and renewable assets for €2.594 billion ($3.08 billion). The joint ventures will be transferred to GE's full ownership on October 2.

- Type: Acquisition
- Announced: 2026-03-02
- Value: $3.08B (2.59B EUR)
- Status: announced
- Products: grid equipment, nuclear equipment, renewable energy equipment
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Alstom](https://endata.com/companies/3570.md)
- [General Electric](https://endata.com/companies/1262.md) (acquirer)

## Sources

- [theedgemalaysia.com](https://theedgemalaysia.com/article/alstom-signs-3-billion-agreement-ge-exit-energy-joint-ventures), 2026-03-02: "Alstom said on Thursday it had signed an agreement with General Electric to exit three joint ventures in return for a payment of 2.594 billion euros ($3.08 billion)."

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