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SUEZ acquires GE business

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Hydrocarbon Engineering,


SUEZ has announced that, together with Caisse de dépôt et placement du Québec (CDPQ), it has completed the acquisition of GE Water & Process Technologies (GE Water) for €3.2 billion enterprise value in an all-cash transaction, effective of 30 September 2017.

In connection with the completion of this transaction, SUEZ will welcome a water technologies and solutions business unit, placed under the leadership of 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 to expand its water treatment offerings and digital capabilities to deliver best-in-class solutions.

Read the article online at: https://www.hydrocarbonengineering.com/the-environment/03102017/suez-acquires-ge-business/


 

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