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Constructor of electrical plant, railway trains and ships.
1989 GEC Alsthom was formed as a 50/50 joint venture by the merger of the power and transport divisions of Compagnie Générale d'Electricité (CGE) and GEC. From CGE's point of views, France’s market was not sufficient by itself so the merger would enable GEC Alsthom to address the whole of Europe. From GEC's point of view it provided GEC's power division with access to large gas turbine technology (which it had previously been licensing from GE of the U.S.A. and which was increasingly demanded by the privatised electricity companies in the UK and elsewhere).
1989 GEC Alsthom acquired the railway business of Metropolitan-Cammell Carriage and Wagon Co
1989 GEC Rugby was split into GEC Alsthom and Cegelec Projects
1995 GEC Alsthom acquired the outstanding shares in MAN Energie (steam turbines).
1998 GEC Alsthom acquired Cegelec (electrical contracting), and was then listed on the Paris Stock Exchange with a change of name to ALSTOM. GEC and Alcatel sold part of their stakes in the capital (23.6% each) . GEC Alsthom and Cegelec Projects were reunited in the new company.