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Alstom (formerly GEC-Alsthom) () is a large French company whose businesses are power generation and manufacturing trains (e.g. the TGV and Eurostar as well as Citadis trams) 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.
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.
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.
Alsthom
It was formed in 1928 from three companies: Alsacienne Société, Compagnie Générale d'Electricité and Thomson Houston.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.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 January 2006, the sale of Alstom shipyards to Aker Yards ASA (a part of the Norwegian Aker group) was announced. The transaction was completed 31.5.2006. A new company consisting of ALSTOM’s shipyards in Saint-Nazaire and Lorient was established under the name of Aker Yards SA. Aker Yards owns 75 % of Aker Yards SA, and ALSTOM the remaining 25 % until 2010.
In March 2006 the Power Conversion Business, 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.
Products
Alstom's products include:
Rail:
- TGV high-speed trains
- Prima diesel and electric locomotives
- Citadis trams
- Coradia and Adelante trains
- Pendolino trains
- Metropolis Urban trains
- London Underground 1995 & 1996 stock
- X'Trapolis Suburban trains
- various metro trains
- Amtrak California passenger cars
Shipbuilding: Alstom Marine (Chantiers de l'Atlantique)
- the Queen Mary 2
Power Business:
- Turnkey power plants,
- Boiler,
- Gas turbines,
- Steam turbines,
- Generator.
- Environmental Control Systems (Air pollution control systems, filters etc) for the power industry and various other industries.
Power Conversion Business:
Clients
See also
External links
Companies listed on the Euronext exchanges | Companies of France | Locomotive manufacturers | Rail vehicles manufacturers | Companies formerly listed on the London Stock Exchange
ALSTOM | Alstom | Alstom | Alstom | Alstom | ALSTOM | アルストム | ALSTOM | Alstom | 阿尔斯通公司
"Alstom"