Alstom sells its power conversion activity

Alstom has closed the sale of its Power Conversion activity to Barclays Private Equity.

Alstom Power Conversion specialises in the supply of systems and equipment which convert electrical energy into mechanical energy, such as drives, controls, motors and generators. This activity recorded sales of over ?500 million during the past fiscal year. It operates in four markets: marine and offshore, particularly with electrical propulsion systems for civil and military vessels, metals processing, oil and gas and power generation. On becoming a shareholder, Barclays Private Equity intends to pursue Alstom Power Conversion’s development strategy in its key markets.

Barclays Private Equity is a leading European investment firm specialised in private equity deals, in particular MBOs, managing around 3 billion euros in Europe.