Alcatel to Sell its Electrical Power System Activities
Alcatel (Paris, France) has signed an agreement with the global private equity firm Ripplewood to divest all of its electrical power system activities. The power system activities provide high-quality power solutions, securing and protecting critical business equipment against failures or disturbances. The transaction will allow Alcatel to focus on its core telecommunications systems and solutions business. Financial details of the transaction are not disclosed.
The activities are comprised of the AEG SVS Power Supply Systems, Alcatel Converters, Harmer & Simmons, and Saft Power Systems business lines. They offer one of the widest ranges of services, systems and products (power systems, uninterruptible power supplies, power controllers, converters, etc.) to diverse end-markets, such as transportation, energy and water, industries, and telecommunications. Closing is expected in the fourth quarter of 2004, subject to regulatory approvals.