Alstom to acquire USA gas turbine service provider

PSM, located in Florida, is a high tech company with a
leading position as independent provider of improved
gas-turbine parts and low-Nox upgrade solutions for gas
turbines. Its highly qualified engineering team has designed,
developed and successfully introduced to market many
well-proven solutions on a multitude of gas turbine
technologies. PSM employs over 100 people and had sales of
approximately $70 million in 2006, with an EBITDA margin above
25%.

Alstom will pay $242 million for the acquisition and will
fund it through internal sources.

The activities of PSM will be part of the Power Service
Sector of Alstom. This acquisition extends Alstoms
technology leadership in providing customers with gas turbine
efficiency upgrades, and low-emission solutions in after-market
sales.

Patrick Kron, Chairman and CEO of Alstom, declared:
This deal will strengthen Alstoms position in
the US market, where gas turbine service shows strong growth
driven by increasing plant utilization and more stringent
emission limits. PSM is ideally positioned to benefit from the
high growth of sales and profit in this favourable market
Alstom will give PSM the financial stability, technological
backing andaccess to a larger customer base to market its
products.

Closing is subject to receiving approval from regulatory
authorities, which is expected to occur shortly.

Press
contacts                        


Philippe Kasse, Stéphane Farhi
(Corporate)                                        


Tel +33 1 41 49 29 82 /33
08                                                                   

press@chq.alstom.com

Melina A. Georgitsis (USA)


Tel +1 860 938 0501

Investor Relations

Emmanuelle Chatelain


Tel + 33 1 41 49 37 38

investor.relations@chq.alstom.com