Alstom - Finlabo Research Equity Report: Fundamental and Technical Analysis and 6 months performance forecast
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Alstom SA Signs with Soyuz Holdin Joint Venture Manufacturing and Selling Agreeement-M&A Navigator
M&A Navigator reported that Alstom SA announced that its Subsidiary Alstom Grid and Soyuz Holding signed a joint venture agreement to manufacture and commercialise high voltage switchgear as part of on-going efforts to modernise the Russian electrical grid. The joint venture will be owned 51% by Alstom Grid and 49% by Soyuz Holding and will be part of Alstom SA's worldwide industrial organization, implementing its industrial know-how and technology. The agreement follows the memorandum of understanding signed in 2011. Accordingly, the manufacturing deal includes the continued manufacture of 110-220 kilocircuit breakers and enlargement to circuit breakers up to 500 kV. It also foresees the introduction of a wider range of products, including disconnectors and gas insulated substations. This equipment will be produced at Soyuz Holding's High Voltage Switchgear Factory at Mozhaisk, near Moscow, Russia. Financial terms were not dislcosed.
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