# GE to acquire Alstom's stakes in three JVs for $3.1B

General Electric signed an agreement with Alstom to acquire Alstom's interests in three joint ventures covering grid, nuclear, and renewable assets for $3.1 billion. Transfer of interests will occur on October 2, 2018.

- Type: Acquisition
- Announced: 2018-05-04
- Where: France
- Value: $3.10B
- Status: announced
- Products: grid equipment, nuclear equipment, renewable energy equipment
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

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

## Sources

- [investing.com](https://www.investing.com/analysis/alstom-inks-3b-agreement-with-ge-to-exit-joint-ventures-200315191), 2018-05-10: "Alstom will exit three joint ventures, in return for a consideration of $3.1 billion."
- [bloomberg.com](https://www.bloomberg.com/news/articles/2018-05-10/alstom-to-exit-three-energy-ventures-with-ge-for-3-1-billion), 2018-05-10: "Alstom said Thursday that it will exercise its"
- [reuters.com](https://www.reuters.com/article/us-alstom-m-a-generalelectric/alstom-signs-3-billion-agreement-with-ge-to-exit-energy-joint-ventures-idUSKBN1IB0UD/), 2018-05-10: "Alstom intends to exercise its options to sell its interests in the 'Renewables' and 'Grid' Joint Ventures in 2018."
- [renewableenergyworld.com](https://www.renewableenergyworld.com/energy-business/alstom-exercise-options-to-end-3-joint-ventures-with-ge/), 2018-05-10: "Alstom has told its merger partner GE it wants out of three joint ventures."
- [powermag.com](https://www.powermag.com/ge-will-take-on-alstom-stakes-in-energy-joint-ventures-for-3-2b/), 2018-05-16: "GE will buy Alstom’s stakes in three energy joint ventures (JVs) the companies formed when GE acquired Alstom’s energy business nearly three years ago."

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