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.