# Mitsubishi Heavy Industries and Siemens propose joint acquisition of Alstom energy business

Mitsubishi Heavy Industries and Siemens jointly proposed to acquire Alstom's energy business for a total of €7 billion. The proposal includes forming joint ventures in steam turbines, power transmission and distribution, and hydropower, with Siemens offering €3.9 billion for the gas turbine business.

- Type: Acquisition
- Announced: 2019-06-16
- Where: France
- Value: $7.90B (7.00B EUR)
- Jobs: 1,000
- Status: announced
- Products: steam turbines, gas turbines, power transmission and distribution equipment, hydropower equipment
- 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)
- [Alstom](https://endata.com/companies/3570.md) (target)

## Sources

- [souzhinan.com](http://www.souzhinan.com/kj/a447770192.html), 2019-08-16: "三菱重工与德国西门子昨日联合宣布，已共同提议收购法国工业用电巨头阿尔斯通的能源业务。"

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