Grace's Guide is the leading source of historical information on industry and manufacturing in Britain. This web publication contains 148,112 pages of information and 233,636 images on early companies, their products and the people who designed and built them.
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 view, 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).
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 as Alstom