Mitsubishi Heavy Industries, Siemens target Alstom

Recently, Mitsubishi Heavy Industries MHI and Siemens announced that they have joined forces in evaluating a potential proposal for certain assets of the French multinational conglomerate, Alstom in order to strengthen the future position of Alstom, MHI and Siemens.

MHI and Siemens will decide on the submission of a proposal to Alstom's Board of Directors by June 16.

Shunishi Miyanaga, President and CEO of Mitsubishi Heavy Industries: "MHI has been invited by Siemens to join forces and we firmly believe that we can substantially contribute to a partnership solution for Alstom which will create value for all parties involved, including the country of France".

Joe Kaeser, President and CEO of Siemens: "I appreciate MHI's commitment to join our efforts and I do look forward to working together with MHI to create a long-term oriented solution for Alstom, MHI and Siemens".

Related News

florida power

Restoring power to Florida will take 'weeks, not days' in some areas

MIAMI - Parts of Florida could be without electricity for more than a week, as damage from Hurricane Irma will require a complete rebuild of portions of the electricity grid, utility executives said on Monday.

Irma has knocked out power to 6.5 million Florida electricity customers, or nearly two-thirds of the state, since making landfall this weekend. In major areas such as Miami-Dade, 74 percent of the county was without power, according to Florida's division of emergency management.

Getting that power back online may require the help of 50,000 to 60,000 workers from all over the United States and Canada, according to Southern Company CEO and Chairman…

READ MORE
FPL Proposes Significant Rate Hikes Over Four Years

FPL Proposes Significant Rate Hikes Over Four Years

READ MORE

new daimler electric vehicles

Daimler Details Gigantic Scope of Its Electrification Plan

READ MORE

power lines

Ontario Sets Electricity Rates at Off-Peak Price until February 7

READ MORE

powerlines

Biden administration pushes to revitalize coal communities with clean energy projects

READ MORE