Now German giant Siemens has confirmed it will make an offer to buy French manufacturer Alstom.
The company said in a statement that the prerequisite is that Alstom agrees to give it “access to the company’s data room and permission to interview the management during a period of four weeks, to enable Siemens to carry out a suitable due diligence”.
Siemens added that a letter outlining this had been submitted to Alstom and there would be no further comments “at this time”.
Alstom is a big player in the global geothermal energy market. Recently, Alstom has announced buying an interest in a Turkish geothermal energy company and has been tapped to build the 25 MWe Los Humeros III - Phase A geothermal plant in Mexico.
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