SUEZ Confirms the Acquisition of GE Water & Process Technology

SUEZ Environment S.A in partnership with CDPQ, Canada approves the acquisition of GE Water business in 2017

France: SUEZ Environment S.A, a France based utility company entered into an agreement with Caisse de depot et placement du Quebec (“CDPQ”), a Canadian investment company to buy water and process technology business of General Electric Corporation. The deal is valued around USD3.44 billion and is expected to get closed by mid-2017. Post-acquisition, both the acquiring company would share ownership of acquired entity, SUEZ would control 70% percent stake in ownership and rest 30% would be owned by CDPQ. With this acquisition, SUEZ is expected to become the third largest water treatment firm in the global water treatment market.

TechSci Research depicts that this acquisition is expected to strengthen the position of SUEZ Environment S.A in the global water treatment market. Moreover, this deal would widen the water treatment product portfolio, profitability, and customer reach of SUEZ Environment S.A across the globe.

According to the recently published report by TechSci Research, “Global Water and Wastewater Treatment Chemicals Market By Type (Corrosion Inhibitors, Scale Inhibitors, etc.), By Application (Municipal Water Treatment, Power Generation, Oil & Gas, etc.) Competition Forecast & Opportunities, 2011-2025”, global market for water and wastewater treatment chemicals is projected to cross USD33 billion by 2025, on account of increasing merger & acquisitions and expanding product portfolios of companies. Robust pace of industrialization, especially across developing countries coupled with growing focus on use of recycled water for non-drinking applications across various end use industries is projected to augur well for global water and wastewater treatment chemicals market in the coming years. Moreover, coagulants and flocculants dominate demand for water and wastewater treatment chemicals across the globe due to high effectiveness of these chemicals.