Alstom

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Image:Alstom logo.pngAlstom (formerly GEC-Alsthom) (Template:Euronext) is a large French company whose businesses are power generation and manufacturing trains (e.g. the TGV and Eurostar) and ships (e.g. the Queen Mary 2). According to the company website, in the year 2004/05 Alstom had annual sales of over €13.7 billion, and employed more than 69,000 people in over 70 countries. Its headquarters are located in Levallois-Perret, in the vicinity of Paris.

The current CEO is Patrick Kron, who succeeded Pierre Bilger.

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Financial information

Alstom has been listed on the Paris Stock Exchange since 22nd June 1998. The Group is no longer listed on the London Stock Exchange since the 17th November 2003, nor on the New York Stock Exchange since August 2004. When the markets closed on 31 December, 2005, its market capitalization was € 6.7 billion.

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History

The name of the company derives from the French region of Alsace and the surname of the engineer Elihu Thomson. The company always writes it in capitals, ALSTOM, even though it is not an acronym.

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Alsthom

It was formed in 1928 from three companies: Alsacienne Société, Compagnie Générale d'Electricité and Thomson Houston.

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GEC Alsthom

It was formed in 1988 from the heavy engineering interests of Britain's GEC and Compagnie Générale d'Electricité's (CGE) Alsthom division as GEC Alsthom. In 1991 CGE adopted the name Alcatel Alsthom and in 1998 this became simply Alcatel.

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Alstom

In December 1997 GEC Alsthom had its initial public offering as Alstom. GEC and Alcatel maintained 24% shares in the new company. Shares were initially at a price roughly equivalent to 32 euros. Between January and February 2001 Marconi plc (the renamed GEC) sold 76.4% of its 24% share. The remaining 5.67% share was sold in June. Also in 2001 Alcatel sold its 24% stake. The share price fell steeply following the September 11, 2001 attacks when a number of cruise liner orders failed. On 12 March, 2003, shares dipped 50 per cent in one day, and finished at 1.36 euros. At this point it was announced that the most profitable division of the company would be sold off: its power transmission interests. In January 2004 these were transferred to Areva.

In March 2006 the Power Conversion Buisness, formerly Cegelec, was bought by Barcleys Equity Holdings. The Power Conversion Buiness, which deals in projects and hardware to convert electrical power to mechanical movement, now trades as Converteam.

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Products

Alstom's products include:

Power Business:

  • Turnkey power plants,
  • Boiler,
  • Gas turbines,
  • Steam turbines,
  • Generator.

Power Conversion Buisness:

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See also

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External links


Template:Rail-stub Template:Energy-company-stubde:ALSTOM fr:Alstom id:Alstom ja:アルストム nl:ALSTOM pl:ALSTOM sv:Alstom zh:阿尔斯通公司

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