# Siemens and Mitsubishi bid for parts of Alstom

Siemens and Mitsubishi Heavy Industries jointly bid to acquire Alstom's gas turbine business for EUR 3.9 billion and a 10% stake in Alstom for EUR 3.1 billion, respectively.

- Type: Acquisition
- Announced: 2019-02-05
- Where: France
- Value: $5.30B (3.90B EUR)
- Status: announced
- Products: gas turbines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

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

## Sources

- [aktuality.sk](https://www.aktuality.sk/clanok/255112/siemens-a-mitsubishi-chcu-ziskat-cast-alstomu/), 2019-02-05: "Siemens dnes oznámil, že ponúka 3,9 miliardy eur za kompletné aktivity Alstomu v oblasti plynových turbín."
- [power-eng.com](https://www.power-eng.com/gas/turbines/mitsubishi-heavy-reportedly-in-talks-with-siemens-on-purchase-of-gas-turbine-business/), 2019-03-22: "Mitsubishi Heavy Industries Ltd is talking with Siemens AG about a possible purchase or joint venture agreement, which would see Mitsubishi take over Siemens' gas turbine business."

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