French engineering group Alstom SA is entering the wind power sector, signing a deal to acquire Spanish wind turbine company Ecotècnia for €350 million ($471.6 million) in cash. Alstom, which is number two worldwide in urban transportation and has an 18% share of the global market in rail transport, says the deal will boost its hydropower offering as well, where they claim to be the worldwide leader.

Alstrom has supplied more than 25% of the world's installed power generation capacity, and it doesn't look like they intend to slow down. Last Thursday, the firm signed agreements to work with Norwegian gas and oil company Statoil and E.ON AG, one of world's largest power and gas providers. These "green deals" boost Alstom's presence in CO2 capture technology. — Baz Hiralal

See the acquisition announcement
See the Statoil JV PR
Go to the E.ON JV release

Join Corporate Dealmaker's LinkedIn forum