By its acquisition on 7 June 2010 of Areva T&D's transmission business, Alstom completes a decisive stage in its development by forming a new sector, named Alstom Grid, to supplement the existing two sectors in power generation and rail transport, Power and Transport. Priced at €2.3 billion, this acquisition gives a new dimension to the Group, which, now with its three activities, achieves sales of more than €23 billion and employs more than 96,000 people.

This acquisition occurs after Alstom and Schneider Electric announced in July 2009 they were launching a joint acquisition offer of Areva T&D. At the end of November 2009, Alstom and Schneider Electric entered into exclusive negociation with Areva for the acquisition of its transmission and distribution business, then signed the acquisition agreement end of January 2010. The closing of this transaction took place yesterday, according to the planned schedule.