General Electric - Alstom May Turn Out To Be A Growth Catalyst
- GE placed a $13.5 billion bid to acquire Alstom’s Power Segment and Grid Segment.
- Alstom’s acquisition would not only enhance the company’s production capacity but the merger would also give GE a strong foothold in the European region.
- GE’s Wind Turbine business has shown 290% YoY growth in wind turbine supply orders.
- The company is contracting the operations of the Energy Management unit which showed dismal performance over the recently ended quarter.