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Alstom and Schneider Electric are considering making a joint bid for Areva Transmission and Distribution, recently put up for sale by its parent company.
Alstom and Schneider reported they would create a common structure" to bid for Areva, and if successful, would transfer the transmission activities to Alstom, and distribution activities to Schneider.
The high-voltage transmission part of Areva complements Alston's own activities in power generation, while the medium-voltage distribution unit is an area in which Schneider is active, and would like to reinforce, according to a press release.
Alstom is in power generation and rail infrastructure. The company provides turnkey integrated power plant solutions, equipment and associated services for a wide variety of energy sources, including hydro, nuclear, gas, coal and wind. The group employs more than 80,000 people in 70 countries, and had orders of €24.6 billion in 2008/09.
Schneider Electric works across multiple market segments, especially energy and infrastructure, industrial processes, building automation, and data centres/networks, as well as a broad presence in residential applications. The company's 114,000 employees achieved sales of more than €18.3 billion in 2008.