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.