GE and Siemens face tough power market in battle for Alstom

Both Siemens and GE face a challenging environment as they vie to buy Alstom. While wind and solar manufacturers have re-emerged from a dark consolidation phase, these companies' face a very tough market for gas and coal turbines as European utilities struggle while competition is stiff in Asia.

Reuters

General Electric's bid for Alstom's energy business will force a shakeout in the electrical engineering industry, regardless of whether it or a rival suitor succeeds in breaking up the struggling French group.

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