ALSTOM India announced that Alstom closed the sale of its steam auxiliary components business to Triton, a leading European investment firm.
The business was sold for an Enterprise Value of around 730 million as part of the non-core asset disposal programme announced by Alstom in November 2013.
The corresponding activities, representing revenues in excess of 400 million have been fully separated and transferred from Alstom to the newly founded ARVOS Group, with Triton as new sole shareholder. This includes the transfer of its 1700 employees worldwide.
ARVOS will continue to be a major supplier to Alstom, ensuring sustainable quality of service for Alstom and its customers.
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