# Hitachi, Mitsubishi Heavy and Siemens consider joint bid for Alstom energy business

Hitachi Ltd. plans to partner with Mitsubishi Heavy Industries and Siemens in a bid to acquire Alstom's energy business, rivaling a $17 billion bid from GE. Hitachi and Mitsubishi Heavy are considering offering $5 billion for Alstom's steam turbine assets, while Siemens may match that for Alstom's gas turbine division.

- Type: Acquisition
- Announced: 2020-05-17
- Where: France
- Value: $5.00B
- Status: rumored
- Products: steam turbines, gas 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)
- [ABB](https://endata.com/companies/1547.md) (target)
- [Alstom](https://endata.com/companies/3570.md) (target)

## Sources

- [energydigital.com](https://energydigital.com/smart-energy/hitachi-mitsubishi-and-siemens-consider-joint-alstom-bid), 2020-05-17: "Hitachi Ltd. plans to partner with Mitsubishi Heavy Industries and Siemens in a bid to acquire French multinational company Alstom's energy business."
- [lok-report.de](https://www.lok-report.de/news/europa/europaeische-union/17988-europaeische-union-kommission-genehmigt-uebernahme-der-stromnetzsparte-von-abb-durch-hitachi.html), 2020-05-29: "Die Europäische Kommission hat die Übernahme der Stromnetzsparte der Schweizer ABB durch das japanische Unternehmen Hitachi nach der EU-Fusionskontrollverordnung genehmigt"

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