GE has announced that it has completed the acquisition of Alstom’s power and grid businesses. The completion of the transaction follows the regulatory approval of the deal in over 20 countries and regions including the EU, U.S., China, India, Japan and Brazil.
The purchase price is € 9.7 billion. This includes working capital usage of approximately € 0.6 billion in the month of October. GE expects the deal to generate US$ 0.05-0.08 of earnings per share in 2016 and US$ 0.15-0.20 of earnings per share by 2018. GE is targeting US$ 3.0 billion in cost synergies in year five and strong deal returns.
