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Siemens proposes to trade trains for turbines to Alstom

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Hutchinson, Kan — In what could be a tremendous boost to its wind energy platform, Siemens has continued to siemens logoexpress interest in a takeover for Alstom. According to and article on “Marine Informer’s” website, Siemens is considering an asset swap with Alstom, where they would acquire Alstom’s power businesses, and in return give its high-speed train and locomotive units along with a significant amount of cash as part of its competition with rival GE for the French industry.

The trade could put Siemens at the top of the wind power industry and could be a boost to the Hutchinson facility as more customers come on line due to less competition in the market. The Hutchinson plant has suffered through downturns in the wind industry amid questions regarding the future of production tax credits in the state. At one time Siemens laid off 60% of it’s wind turbine workforce but most have returned.

The company released a statement Monday, saying it had “submitted a letter to the Board of Alstom to signal its willingness to discuss future strategic opportunities.“

This follows the last-week’s news that GE is planning to buy the French company, offering 10-billion euros to Alstom.


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