Suez acquires GE Water & Process Technologies

Suez has completed the acquisition of GE Water & Process Technologies for €3.2 billion (US$3.8 billion) enterprise value in an all‐cash transaction, effective as of September 30, 2017.
Suez acquires GE Water & Process Technologies Suez acquires GE Water & Process Technologies Suez acquires GE Water & Process Technologies Suez acquires GE Water & Process Technologies Suez acquires GE Water & Process Technologies

Staff reporter

PRESS RELEASE: In connection with completion, Suez has set up a business unit, ‘Water Technologies & Solutions’, placed under the leadership of Heiner Markhoff, former president and CEO of GE Water. This new business unit combines both the acquired business and Suez’s own industrial service activities.

Suez Water Technologies & Solutions will operate with over 10,000 employees and address the needs of over 50,000 customers worldwide. Additionally, relying on 650 R&D and expert staff as well as Suez’s 17 research & excellence centres, the business unit is committed to expanding its water treatment offerings and digital capabilities to deliver best-in-class solutions.

Suez stated that this operation secures its global leadership in industrial water services and strengthens its positioning as an integrated group providing services, addressing over 450,000 industrial and business customers worldwide. At the same time, it builds on its international footprint, especially in the US.

Jean-Louis Chaussade, CEO of Suez, said: “I am thrilled to welcome GE Water & Process Technologies’ teams and know-how. This is an exciting moment for Suez, as our group now has an ever-stronger knowledge and skillset to bring innovation and enhanced value to industrial and municipal customers around the world. With over 90,000 employees working across the entire water and waste value chain, we will help address pressing global challenges such as water scarcity, resources preservation, and climate change.”

Following the creation of the new business unit, Suez has announced several contracts and launched technologies in water treatment for industry.