# EDF to acquire GE's steam turbine business for over €1B

EDF has agreed to acquire General Electric's steam turbine business (ex-Alstom) for slightly more than €1 billion. The deal includes the Arabelle turbine manufacturing operations.

- Type: Acquisition
- Announced: 2022-01-12
- Where: Belfort, France, France
- Value: $1.14B (1.00B EUR)
- Status: announced
- Products: steam turbines, nuclear turbines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [EDF](https://endata.com/companies/771.md) (acquirer)
- [General Electric](https://endata.com/companies/1262.md) (target)
- [GE Steam Power](https://endata.com/companies/5219.md) (target)

## Sources

- [challenges.fr](https://www.challenges.fr/entreprise/energie/turbines-arabelle-general-electric-et-edf-s-accordent-sur-le-prix-de-vente_796352), 2022-01-12: "EDF et GE sont OK sur le prix, il ne reste plus que d'infimes détails à régler concernant le périmètre de l'acquisition."
- [energyindustryreview.com](https://energyindustryreview.com/power/edf-to-acquire-ges-turbine-unit-ahead-of-future-french-reactor-announcements/), 2022-02-09: "The transaction will be signed on February 10 in the presence of Emmanuel Macron, who on this occasion should specify his ambitions for the renewal of the French nuclear fleet."
- [edf.fr](https://www.edf.fr/en/the-edf-group/dedicated-sections/journalists/all-press-releases/edf-signs-an-exclusive-agreement-to-acquire-part-of-ge-steam-power-s-nuclear-activities), 2022-02-10: "EDF and GE announced today that they have signed an exclusive agreement for EDF to acquire part of GE Steam Power’s nuclear power activities."
- [reuters.com](https://www.reuters.com/business/edf-confirms-deal-take-over-french-nuclear-turbine-unit-ge-2022-02-10/), 2022-02-10: "EDF confirmed it would buy a France-based nuclear turbine unit from General Electric."

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