Alcatel will divest all of its electrical power system activities to Ripplewood, a global private equity firm. Financial details of the transaction are not disclosed.
Alcatel's power systems activities are comprised of the AEG SVS Power Supply Systems, Alcatel Converters, Harmer & Simmons and Saft Power Systems business lines. They offer a ranges of services, systems and products (power systems, uninterruptible power supplies, power controllers, converters?) to diverse end-markets, such as transportation, energy and water, industries and telecommunications. Alcatel's power system activities employ approximately 1300 people in 16 countries and had approximately EUR 220 million in sales in 2003. http://www.alcatel.com
- Ripplewood is a global private equity firm that manages approximately $4 billion of private equity commitments, focusing primarily on investments in the U.S., Europe and Japan. Since it was founded in 1995, Ripplewood has invested over $2 billion in 20 platform companies in multiple industries, including automotive, consumer electronics, direct marketing, financial services, consumer products, entertainment, specialty chemicals, and telecom services.
