ALSTOM 1 September 2014
Alstom completes the sale of its Steam Auxiliary Components
activities to Triton
Alstom today announces the closing of the sale of its steam auxiliary components business to Triton, a leading European investment firm.
The business was sold for an Enterprise Value of around €730 million as part of the non-core asset disposal programme announced by Alstom in November 2013.
The corresponding activities, representing revenues in excess of €400 million have been fully separated and transferred from Alstom to the newly founded ARVOS Group, with Triton as new sole shareholder. This includes the transfer of its 1700 employees worldwide.
ARVOS will continue to be a major supplier to Alstom, ensuring sustainable quality of service for Alstom and its customers.
"Arvos has key assets to be a successful company in future, thus giving good prospects to all its employees" said Philippe Cochet, President of Alstom Thermal Power. "We give them our best wishes, looking forward to continued strong cooperation and a mutually beneficial relationship as we serve our respective customers worldwide."
The auxiliary components business sold was previously part of the steam segment within Alstom's Thermal Power division. It is active both in the new equipment market and aftermarket services across three divisions: air preheaters and gas-gas heaters for thermal power generation and industrial facilities; heat transfer solutions for industrial processes; grinding mills (including thermal equipment) used in industrial applications and for power generation application for facilities with output below 100 MWe. The company will be headquartered in Heidelberg, Germany and has operations in Germany, the USA, Japan, China, India, Brazil, Switzerland and the Czech Republic.
Power related mills activity above 100 MWe remains with Alstom.
About Alstom
Alstom is a global leader in the world of power generation, power transmission and rail infrastructure and sets the benchmark for innovative and environmentally friendly technologies. Alstom builds the fastest train and the highest capacity automated metro in the world, provides turnkey integrated power plant solutions and associated services for a wide variety of energy sources, including hydro, nuclear, gas, coal and wind, and it offers a wide range of solutions for power transmission, with a focus on smart grids. The Group employs 93,000 people in around 100 countries. It had sales of over €20 billion and booked €21.5 billion in orders in 2013/14.
Press Contacts
Virginie Hourdin / Claire Biau - Tel. +33 1 41 49 21 36 / 39 95
virginie.hourdin-bremond@chq.alstom.com:
mailto:virginie.hourdin-bremond@chq.alstom.com ; claire.biau@alstom.com
Christopher English (Alstom Thermal Power) - Tel +33 1 41 49 26 85
christopher.english@power.alstom.com:
mailto:christopher.english@power.alstom.com
Investor relations
Delphine Brault, Anouch Mkhitarian - Tel. +33 1 41 49 26 42/25 13
delphine.brault@chq.alstom.com:
mailto:delphine.brault@chq.alstom.com, anouch.mkhitarian@chq.alstom.com:
mailto:anouch.mkhitarian@chq.alstom.com
Website: www.alstom.com:
http://www.alstom.com
http://hugin.info/159145/R/1852876/647713.pdf
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ALSTOM SA via Globenewswire
