GEC-Alsthom said the Joy purchase will increase the size of its heat exchange group to $150 million in sales and about 350 employees. Originally Published: March 3, 1993 at 5:00 AM EST.

Alsthom, at the time spelled with a "h", ... It becomes GEC-Alsthom, a joint Franco-British company. - 1998: Flotation - In June 1998 its shares are floated on the stock exchange.