Environmental Health & Safety / Water/Wastewater

Suez Completes GE Water Acquisition

By Chemical Processing Staff

Oct 03, 2017

Suez, together with Caisse de dépôt et placement du Québec (CDPQ), completes the acquisition of former GE Water & Process Technologies (GE Water) for €3.2Bn3 enterprise value in an all-cash transaction, effective as of September 30th, 2017. Suez’s new business unit, Water Technologies & Solutions, is led by Heiner Markhoff, former president and CEO of GE Water. Markhoff joins Suez Group’s Executive Committee.

Suez Water Technologies & Solutions will operate with over 10,000 employees and address the needs of over 50,000 customers worldwide, according to the company. An R&D staff of 650 and 17 Suez Research & Excellence Centers will reportedly enable the company to expand its water treatment offerings and digital capabilities.

For more information, visit: www.suez.com