GE buys Alstom's energy business (2015)
General Electric agreed in 2014 to pay about $13.5 billion for Alstom's power-generation and grid business, betting that global electricity demand would drive decades of equipment sales. Competition regulators approved it in 2015 after GE offered concessions.
GE became the world's largest power-equipment supplier.
The unit underperformed, and GE later unwound its power portfolio — a lesson in paying large premiums for energy-infrastructure scale.
BAM is making a similar bet: paying €504 million for specialist grid-construction capability ahead of a multi-decade buildout. Whether the price looks smart depends on demand materializing as fast as forecast.
