SUEZ acquires GE business
Published by Anna Nicklin,
Assistant Editor
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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