With the acquisition of GE Water & Process Technologies, SUEZ takes a new step towards growth on the industrial water market
SUEZ's acquisition of GE Water & Process Technologies, which takes effect on September 30th, 2017, will establish the company as the world leader on the industrial water market. In broader terms, SUEZ will have unequalled capacity to offer global support for industry in resource management.
Water: an important resource for industry
Against a backdrop of increasingly scarce natural resources and climate change, the sustainable management of resources plays a more important role than ever in the economic and environmental performance of businesses. As numerous countries face water stress and civil society pays ever closer attention to the environmental impact of companies, water management represents a major challenge for industry: optimize of water consumption, improve industrial water treatment, implement water reuse.
Industry already accounts for almost 22% of worldwide water consumption, behind agriculture, but well ahead of human consumption. The industrial water market is worth an estimated €95 billion.
A new business unit for new know-how: Water Technologies & Solutions
Against this backdrop, in March 2017, SUEZ announced the acquisition1 of GE Water & Process Technologies, which was finalised on September 30th, 2017. This 7,500-employees company possesses advanced know-how and technologies and posted sales of almost €2 billion in 2016. This acquisition extends the portfolio of skills on offer to the company’s industrial customers.
Thanks to this acquisition, SUEZ will also benefit from a broad range of technologies and patents. GE Water & Process Technologies has already successfully deployed proven digital solutions for its customers for the optimisation of resources, equipment monitoring and maintenance and data analysis, such as its Insight platform.
SUEZ is combining the activities of (former) GE Water & Process Technologies and its own industrial water activities in a new business unit: Water Technologies & Solutions.
Thanks to the close-fitting geographical footprints and ranges of products and technologies of the two entities, industrial customers will benefit from an offer that is unique on the market.
A complete service and a comprehensive offer of water treatment solutions for every sector of industry the world over
SUEZ’s new Water Technologies & Solutions offer covers the entire water, wastewater and process value chain, including Design & Build projects, specialty chemical services, equipment and system offerings, outsourced services, and digital water management.
The offer addresses every sector of industry, from power, oil and gas (upstream & midstream, downstream & petrochemicals), to mining and metals, chemicals and pharmaceuticals, pulp and paper, food and beverage, utilities.
SUEZ: a leading player in smart and sustainable resource management
As a leader in the circular economy, with this acquisition, SUEZ intends to deploy its expertise and technologies to the benefit of its complete customer portfolio in order to speed up the resource revolution day after day.
1 with the CDPQ (Caisse de Dépôt et de Placement du Québec)