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Alstom sticks with General Electric bid
France, Levallois-Perret: Alstom has apparently decided to choose General Electric (GE) bid over the others.
France, Levallois-Perret: Alstom has apparently decided to choose General Electric (GE) bid over the others.
France, Levallois-Perret: Siemens and Mitsubishi Heavy Industries (MHI) raised their offer for Alstom’s energy businesses to compete with a revised bid by U.S. rival General Electric.
France, Levallois-Perret: Yesterday Siemens and Mitsubishi Heavy Industries (MHI) presented a joint offer to Alstom which included $ 9.5 billion in cash, challenging a bid by General Electric.
India: Transformer Market in India 2014-2018, a new market research report has been announced by Reportstack.
France, Levallois-Perret: Siemens and Mitsubishi Heavy Industries are, according to the reports, preparing to make a joint offer that could pressure General Electric to improve its bid for Alstom power business.
France, Levallois-Perret: Siemens and Mitsubishi Heavy Industries will attempt to beat the GE bid for Alstom with an offer that would focus on alliances with the French engineering group, according to sources.
Germany, Munich: Next Sunday, Siemens will decide on the way forward regarding the acquisition of the energy division of Alstom.
France, Levallois-Perret: It is likely that GE’s offer for the Thermal Power, Renewable Power, and Grid businesses of Alstom will receive the approval from the French government.
Germany, Munich: The German government is considering using its state-owned development bank to buy a stake in Alstom if Siemens’ proposal succeeds, according to people familiar with the plans.
France, Levallois-Perret: General Electric (GE) and Siemens defended rival proposals to buy Alstom’s power business on Tuesday.
France, Levallois-Perret: General Electric announced it will extend its $ 16.9 billion bid for the Alstom power business until the 23rd June at the request of the French government.
Japan, Tokyo: A consortium comprising of Siemens AG, Japanese Marubeni and Siemens Ltd. Thailand has completed works on the Wang Noi 4 combined cycle power plant in Thailand.
France, Levallois-Perret: Siemens is preparing a formal asset-swap offer for Alstom’s power business this week.
Canada, Ontario: Siemens Canada Ltd. and Western Copper & Gold intend to negotiate development of a concept for integrated electrical mining equipment from Siemens for the Casino Mining Project.
USA, New York: Siemens AG is open to offering additional assets to a bid for Alstom S.A.’s power business, Dow Jones Newswires reported Sunday.
USA, Connecticut: Alstom formally endorsed a $ 17 billion all-cash offer from General Electric for its energy division.
France, Levallois-Perret: Siemens AG stepped up plans for a bid for Alstom assets to counter General Electric Co., while ABB said it was closely following the bidding war.
Germany, Berlin: Siemens and Petrofac consortium has received an order from TenneT for an offshore wind farm grid connection in the North Sea.
Siemens’ Louise Goeser had won a contract for the construction of a substation and installation of power transformers to supply the new Audi plant according to El Economista. However, the Puebla authorities decided to disqualify the Alstom Grid’s opponent, Mark Doucet who has appealed against the decision.
Green transformers are starting to change the environmental footprint of substations, as well as many other applications where transformers are used.
Siemens announced at the European Utility Week smart energy trade show in Amsterdam the joint venture with Dutch grid operator and energy utility Alliander N.V. (Arnheim, Netherlands) with the objective to develop and promote innovations for intelligent power supply networks.
Siemens Canada has received an order from Samsung Renewable Energy, Inc. (Samsung) and Pattern Energy Group LP (Pattern Development) for the Grand Renewable Wind Project. Under the agreement, Siemens will supply, deliver and commission 67 units of its SWT-2.3-101 wind turbines to the Grand Renewable Energy Park, located in the County of Haldimand in southern Ontario which will consist of 100 MW of solar power and 150 MW of wind power. The agreement also includes a three-year service and maintenance agreement.