# EDF plans to acquire GE Steam Power

EDF has signed a binding agreement to acquire General Electric's nuclear steam power division, including the Arabelle steam turbine technology. The UK Competition and Markets Authority has opened a probe into the deal, which is expected to close in the second half of 2023.

- Type: Acquisition
- Announced: 2023-03-27
- Where: France
- Value: $200.0M
- Status: announced
- Products: nuclear steam turbines, Arabelle steam turbines, small modular reactors
- 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)

## Sources

- [thisismoney.co.uk](https://www.thisismoney.co.uk/money/markets/article-11906603/Competition-body-studying-EDF-General-Electric-deal.html), 2023-03-27: "The firm's takeover of GE Steam Power will also cover technology for future nuclear plants, including small modular reactors (SMRs) and European pressurised reactors."
- [tittlepress.com](https://tittlepress.com/world/2368135/), 2023-04-06: "The proposed acquisition was hailed as a way to reclaim French control of turbine technology as EDF prepared to build new reactors."

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