Alstom Sells Its Ring Motors Activities in Spain to ABB

Regulatory News:

Alstom (Paris:ALO) announces the sale of its ring motors¹ activities in Bilbao to ABB. In order to refocus on its core activities and be ready for further opportunities, Alstom has decided to concentrate its Bilbao site on activities directly related to hydropower. As part of the agreement with ABB, Alstom will relocate these activities to another site in Bilbao.

Alstom’s Bilbao industrial facility, specialised in the production of generators for hydropower plants, is also a pre-assembly and logistics platform for hydro small & medium projects.

"The sale of the ring motors activity to ABB is the best solution to guarantee the future of this activity in Bilbao, said Alstom Renewable Power President, Jerôme Pécresse. "Alstom, as the global leader in hydropower energy, will focus on the growing hydropower market, strengthening its commitment to industrial development in the Basque region"

The Bilbao site produces hydro equipment for several projects. The site will notably supply part of the equipment for the Devoll River hydroelectric power plant in Albania. In Spain, Alstom has installed over 300 hydropower turbines and 2,000 generators, with a total installed capacity of 7 gigawatts, representing 40% of the total hydropower capacity in the country.

About Alstom
Alstom is a global leader in the world of power generation, power transmission and rail infrastructure and sets the benchmark for innovative and environmentally friendly technologies. Alstom builds the fastest train and the highest capacity automated metro in the world, provides turnkey integrated power plant solutions and associated services for a wide variety of energy sources, including hydro, nuclear, gas, coal and wind, and it offers a wide range of solutions for power transmission, with a focus on smart grids. The Group employs 93,000 people in around 100 countries. It had sales of over €20 billion and booked close to €24 billion in orders in 2012/13.

¹ Ring motors are used in the mining industry as one of the pieces of a gearless mill drives for grinding raw materials. The 2012/13 turnover of this activity was €57 million.