Difference between revisions of "Societe Alsthom"
| Line 3: | Line 3: | ||
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). | 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 | 1998 [[GEC Alsthom]] acquired [[Cegelec]] (electrical contracting), and was then listed on the Paris Stock Exchange with a change of name to [[Alstom|ALSTOM]]. '''GEC''' and '''Alcatel''' sold part of their stakes in the capital (23.6% each) <ref>History of Alstom: [http://en.wikipedia.org/wiki/Alstom#History]</ref>. [[GEC Alsthom]] and Cegelec Projects were reunited as [[Alstom]] | ||
Revision as of 12:22, 24 February 2020
Part of Compagnie Générale d'Electricité (CGE)
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) [1]. GEC Alsthom and Cegelec Projects were reunited as Alstom