6 March 2009

Recent Investments

French multinational company Alstom is to transfer from Switzerland to Barcelona its wind energy subsidiary Alstom Wind, Alstom executive vice president Philippe Joubert confirmed. The division will be set up in Ecotècnia facilities at Barcelona's 22@ technology district. The company, which employs about a 1,000 workers, will work on its international expansion from its new headquearters, Mr. Joubert said.

Alstom also hired business executive Alfonso Faubel who will become an Alstom vice president and a CEO for Alstom Ecotècnia Wind. The French group entered the wind energy business in 2007 with the acquisition of Catalan wind turbine company Ecotècnia, in a deal valued at 350 million euros.

Source: Expansión Catalunya 04/03/2009