Multinational water firm SUEZ recently completed its acquisition of General Electric’s (GE) lucrative water and process technologies division, GE Water & Process Technologies, for €3.2 Billion.

The acquisition, which was effective as of 30 September 2017, will see SUEZ setting up a new water technologies and solutions business unit under the leadership of Heiner Markhoff – former President and CEO of GE Water, who will also be joining SUEZ Group’s Executive Committee.

This new business unit will combine the industrial activities of both companies and employee over 10 000 people while addressing the needs of over 50 000 customers worldwide.

Strengthening an international footprint

This operation secures SUEZ’s 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 United States.

“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,” says Jean-Louis Chaussade, Chief Executive Officer of SUEZ.

“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,” he adds.

SUEZ will provide further details on SUEZ Water Technologies & Solutions’ business and present its strategy in the industrial water markets during a separate dedicated meeting to taking place on this December.